Narayan Love

Brent crude trading at $87.19 and WTI crude at $81.32 per barrel. The market is caught between structural supply crunches caused by severe Middle Eastern blockades and immediate downward pressure from downward demand revisions and a historic surge in U.S. commercial stockpiles. 🚨Major Bullish Drivers ✍🏼The Straight Of Hormuz Deadlock: Diplomatic efforts to reopen the vital waterway remain entirely stalled. The U.S. military has stated it can maintain its naval blockade on Iranian ports indefinitely, while Iran claims full operational management of the strait. ✍🏼 Double Blockade & Vanishing Supply: The International Energy Agency (IEA) reports that double blockades in the Persian Gulf have trapped an astonishing 10 million barrels per day of petroleum products. Global supply is projected to plummet by 4.3 million barrels per day this year, leaving a massive 1.8 million barrel per day deficit this quarter. ✍🏼Infrastructure Under Attack: Concern over broader energy security spiked further following a drone strike by Yemen Houthis targeting a Saudi Aramco refinery in Jazan, adding a direct risk premium to regional infrastructure. $BTC $ETH $BNB #OilEdgesHigher