25 days! This is the duration that the Middle East can endure
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The commander of the Iranian Revolutionary Guard stated that the Strait of Hormuz has been closed and threatened to strike ships attempting to pass through. JP Morgan estimates that the onshore crude oil storage capacity of seven Gulf oil-producing countries reliant on the strait is approximately 343 million barrels, enough to sustain crude oil supply for about 22 days. The 60 empty oil tankers docked in the Gulf can additionally store 50 million barrels of crude oil, extending operations by 3-4 days
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