Exxon warns oil inventories running dry — load up on energy stocks before prices explode
Exxon's top executive says global oil stockpiles are about to hit record lows because the Strait of Hormuz has been shut down since the Iran war started. He expects physical oil prices to rocket to $150–160 per barrel once that happens.
Idea
The Strait of Hormuz closure has choked off the world's most important oil shipping lane, and Exxon is now publicly warning that inventories will soon hit all-time lows. When a major oil company's own executive predicts $150+ oil, it signals that supply is genuinely running short — not just speculation. Even if the Iran war winds down, analysts say cheap oil is gone because the damage to supply chains is already done. Energy stocks and oil funds should keep climbing as the market digests how tight supply really is.