Oil could've hit $200/barrel without US + China stepping in.
Hormuz incident wiped out ~8.3 mb/d of Gulf crude.
China slashed demand by ~3.9 mb/d
US/IEA released ~3.3 mb/d from reserves
That ~7 mb/d buffer absorbed most of the shock. Without it? We'd be looking at a full-blown supply crisis.
Brent's still at ~$100 even with the cushion.
This is what coordinated intervention looks like when global energy infrastructure gets clipped. Macro risk is real.
Hormuz incident wiped out ~8.3 mb/d of Gulf crude.
China slashed demand by ~3.9 mb/d
US/IEA released ~3.3 mb/d from reserves
That ~7 mb/d buffer absorbed most of the shock. Without it? We'd be looking at a full-blown supply crisis.
Brent's still at ~$100 even with the cushion.
This is what coordinated intervention looks like when global energy infrastructure gets clipped. Macro risk is real.