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Logan Warns of Global Energy Cuts Amid Hormuz Closure

Dallas Fed President Lorie Logan stated that global oil and natural gas consumption must decrease if shipping through the Strait of Hormuz remains restricted. She noted that current supply shortfalls are being met by finite inventories as the conflict impacts roughly 13 million barrels of daily global supply.

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Dallas Federal Reserve President Lorie Logan warned on Wednesday morning that global energy consumption must fall if the Strait of Hormuz remains blocked. Shipping disruptions during the three-month conflict involving United States, Israel, and Iran have removed 13 million barrels of daily supply. For investors, this supply gap threatens to keep energy prices elevated as global inventories reach finite limits.

The 13 Million Barrel Supply Gap
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