According to alarming data from Morgan Stanley and the IEA, global oil inventories plummeted by an average of 4.8 million barrels per day between March 1 and April 25, 2026. This represents the fastest decline recorded in any quarter in global oil history.

Major Threat to Asian Nations: Critical Situation for India and Japan

According to a report by Bloomberg, Asian economies dependent on fuel imports are navigating the most difficult phase of this crisis.

• India and Japan: Oil stocks in both countries have hit a 10-year seasonal low. Japan’s reserves have dropped by 50%, while India’s stocks have seen a 10% decline. Although the Indian government officially stated that refinery inventory is sufficient, private refiners admit to a significant supply crunch.
• Most Vulnerable Nations: Countries like Indonesia, Vietnam, Pakistan, and the Philippines have less than a month’s backup remaining. If the route does not open by early June, these nations could face severe shortages of petrol and diesel.

Rapid Depletion of the Global Oil Buffer

Natasha Kaneva of JP Morgan Chase & Co. cautioned that global oil systems are moving toward ‘operational minimum’ levels.

• USA: Despite being the world’s largest producer, distillate stocks in the US are at their lowest since 2005.
• Europe: The crisis is deepest for Jet Fuel in Europe. Stocks at the Amsterdam-Rotterdam-Antwerp hub have fallen by a third, which could put the aviation sector on hold.

Rising Risk of Economic Recession and Inflation

Experts believe the oil shortage will not be limited to supply issues. It will have a direct impact on global inflation. Rising energy prices will increase freight and production costs, making the threat of a Global Recession even more real. While a slight dip in demand from China has temporarily prevented a total supply collapse, this safety net is unlikely to last long.

Disclaimer: This article is based on data shared by various international media reports (Bloomberg, Morgan Stanley) and energy analysts. Oil inventory and supply status may change according to geopolitical conditions. This information is for general awareness only.

The post Hormuz Strait Crisis: Oil Pipelines Drying Up Globally; Energy Crisis Looms for India, Japan, and Other Nations appeared first on Mission Ki Awaaz.

These ships are anchored west of the Hormuz channel, with around 485 Indian seafarers on board. Apart from India-flagged vessels, 10 foreign ships carrying energy supplies for India are also stuck, unable to move forward because of ongoing security threats.

The Strait of Hormuz is one of the most important energy corridors in the world. India relies heavily on shipments passing through this route — nearly 40% of India’s crude oil imports and 90% of its LPG imports move through this narrow waterway. Any disruption here directly influences fuel prices, supply chains, and domestic energy security.

Despite the blockade, a few vessels have managed to leave the conflict zone. Eight Indian-flagged ships have already exited safely, including LPG carriers such as BW TYR and BW ELM, which together were transporting close to 94,000 tonnes of LPG. These ships are currently headed to their respective Indian ports, with one moving toward Mumbai and the other en route to New Mangalore.

Indian authorities are continuously monitoring the situation and focusing on the safety of seafarers. Diplomatic channels and maritime security agencies are coordinating efforts to ensure safe navigation and resume energy shipments through the region.

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