That’s how much longer oil can be stored in the various storage facilities before it will become necessary to start shutting down oil wells because there is nowhere for the oil to go. And even that assumes that no further damage to the oil production and storage facilities is done by future Iranian missile attacks.
Right now, the Straight of Hormuz is effectively closed to oil traffic. Ships aren’t moving. Tankers are anchored. The oil that Saudi Arabia, Kuwait, Qatar, and the UAE pump out of the ground every
single day has nowhere to go. So, it gets stored, pumped into massive holding tanks on land while the world waits for the straight to reopen. Those storage tanks are almost full. Maximum capacity
10 to 14 days away. The moment those tanks hit capacity, the Gulf States have only one option. Stop pumping. You cannot produce oil you have nowhere to put. Production shuts down. And the second Gulf production shuts down. The global oil supply doesn’t tighten. It collapses.Every $10 increase in oil prices adds roughly $400 to $500 per year to the average household’s cost of
living.
I give it about one week before the American public starts demanding that Fake Trump shut down his air war for Israel, withdraw the US Navy, and effectively surrender to Iran. He doesn’t have another 100 days. He may not have another two weeks, especially given the fact that the Iranians have already forced the USS Lincoln’s carrier group to retreat with a warning shot aimed at the carrier itself.