The timing of the impending crude crisis

Brooks and Harris focus on the variable that actually moves prices in the Hormuz shock: how long the temporary buffers cushioning it can hold, rather than the size of the disruption, which markets already know. They put the exhaustion of the coordinated stock releases and the Russian and Iranian floating storage around July 9, after which the full supply shortfall starts feeding into Brent. It's worth reading against the current "America is four weeks from running out of oil" panic, because it p