Summary
A map from J.P. Morgan shows when oil deliveries to different parts of the world might stop. This is due to conflicts in the Middle East disrupting shipping routes that are important for oil transport.
Key Facts
- J.P. Morgan released a map indicating when oil deliveries could halt globally.
- Conflicts in the Middle East, with U.S. and Israeli strikes in Iran, have disrupted shipping.
- The Strait of Hormuz, a key oil shipping route, is affected by these disruptions.
- Oil deliveries to central, southern, and eastern Africa could stop by April 1.
- Parts of Asia, including China and India, are expected to see delivery stoppages by April 1.
- European countries may face oil delivery halts by April 10.
- U.S. oil deliveries might largely stop by mid-April.
- The oil market is shifting from an issue of oil flow to a concern of stock availability.
