US Crude Stocks Fall as Export and Refining Demand Holds Amid Iran War
🛢️ ENERGY — Strong refining demand with Hormuz at 40% flow doesn't add up. 📌 LOOK CLOSER: US exports and refining running hot while Iran blocks the strait signals domestic inventory is absorbing the shortfall — but drawdowns accelerate depletion of the SPR's 357M barrel buffer. When stocks fall in a supply-constrained war, the pressure to resolve Hormuz compounds weekly. Every EIA draw tightens the domestic clock on MOU diplomacy.
