The Strait of Hormuz has been locked down for 16 days, with oil prices rising approximately 45%, and Brent crude breaking through $103. Strategic petroleum reserves can only fill a 12%-15% gap. It is recommended to be bullish on crude oil, reduce equity exposure, and maintain cash positions to cope with liquidity tightening.
Indian two liquefied petroleum gas ships successfully passed through the Strait of Hormuz, transporting 92,700 tons of cargo. This move stems from international diplomatic negotiations, reducing the risk of U.S. military escort operations. Analysis indicates that if Tehran permits safe passage, it will restore more than half of the traffic through the strait, leading to a decline in crude oil futures prices.
JPMorgan Chase data shows that the strategic petroleum reserves released by the Group of Seven amount to approximately 1.2 million barrels per day, which fails to bridge the 16 million barrel supply gap and can only fill 7.5%. While emergency reserves can buy time, they cannot solve the fundamental problem.
Gate News report: On March 15, Eric Trump, the second son of Trump, posted on the X platform expressing disagreement with former UK Prime Minister Boris Johnson's view that "Bitcoin is a Ponzi scheme." Previously, Boris Johnson stated that he has always suspected Bitcoin to be a Ponzi scheme, and said he became more convinced of this judgment after hearing multiple related cases.
