Barclays: Prolonged Hormuz Blockage Could Wipe Out 14 Million barrels per day of Oil Supply

The global oil market could lose up to 14 million barrels per day (bpd) of supply if the blockage at the Strait of Hormuz extends for more weeks, according to Barclays. A prolonged disruption at the world's most vital oil chokepoint is set to lead to 13-14 million bpd of supply losses—an immense shock...