JPMorgan: The global oil system is shifting from "supply shocks to inventory depletion," with most regions expected to face pressure in April.

Ask AI · How does the order of the oil supply crisis spread affect the economies of different regions?

[J.P. Morgan: The global oil system is transitioning from “supply shock to inventory depletion.” Most regions will face pressure in April.] According to a report by Financial Associated Press on March 27, J.P. Morgan analysts predict that the global oil system is transitioning from “supply shock to inventory depletion” due to disruptions in oil transportation through the Strait of Hormuz caused by the U.S.-Iran war. J.P. Morgan expects the oil crisis to sequentially impact the world, starting from Asia, moving through Africa, then to Europe, and finally reaching the United States, with most regions facing concentrated pressure in April.