Post by KPMG US

𝗬𝗼𝘂𝗿 𝗦𝗮𝘁𝘂𝗿𝗱𝗮𝘆 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗖𝗼𝗳𝗳𝗲𝗲 𝗥𝗲𝗮𝗱☕ The effective closure of the Strait of Hormuz this week has drawn significant attention to the balance between risk and resilience in global energy markets. The market has been flush with oil supply, but as, KPMG Global Head of Oil & Gas leader Angie (Evans) Gildea put it, "The Strait of Hormuz is the most critical pressure point in global energy markets." "There are buffers — strategic reserves, rerouted cargoes, elevated floating inventories, but those are stopgaps," Gildea said. "This is a supply shock with an uncertain timeline when the critical variable is duration."    CNN Business' Chris Isidore and Matt Egan look at the supply dynamics at play and how they could affect consumer gas prices: https://lnkd.in/eaWsyw82

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