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Strait Closure Stresses US Oil, Diesel Hits 2003 Low

6/13/2026

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Summary

Story summary

The extended closure of the Strait of Hormuz has pushed oil reserves in Cushing, United States, toward operational stress levels, threatening the ability to meet oil demand.
U.S. gas inventories have fallen 5 percent below where they were a year ago.
U.S. diesel stockpiles have hit their lowest level since 2003.
CNN reported on Friday that the world’s oil market could enter the danger zone within a month.

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Story summary

The extended closure of the Strait of Hormuz has pushed oil reserves in Cushing, United States, toward operational stress levels, threatening the ability to meet oil demand.
U.S. gas inventories have fallen 5 percent below where they were a year ago.
U.S. diesel stockpiles have hit their lowest level since 2003.
CNN reported on Friday that the world’s oil market could enter the danger zone within a month.