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IEA, as the world's authoritative energy organization, has directly triggered the crude oil $XTI market with its latest monthly report. #美军封锁霍尔木兹海峡
Affected by the Iran situation and the blockage of transportation through the Strait of Hormuz, global oil supply is severely restricted. Even if stable exports resume later, it will take at least two months.
The so-called demand contraction has an extremely limited impact and can be completely ignored compared to the huge supply gap.
Currently, the crude oil market is experiencing a serious imbalance between supply and demand, with the gap continuing to widen. The bullish logic is unprecedentedly strong, and the upward space for oil prices has been fully opened!