Global oil stockpiles could hit record lows if Strait of Hormuz remains closed

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

# Global oil stockpiles could hit record lows if Strait of Hormuz remains closed The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/16/oil-inventory-stockpile-iran-war-strait-hormuz.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*