As Iran war drags on, this is how quickly global oil stocks are being depleted — and travel season is starting soon
Original Report
Physical supplies of oil through the Strait of Hormuz are 95% below regular levels.
Glass House Analysis
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Deere Keeps Outlook With Construction Boost as Farmers Struggle
Deere & Co. reiterated its annual profit outlook Thursday as gains in construction and forestry helped to offset a still-slumping agricultural economy.
Traders are making big moves ahead of these earnings reports due Thursday
With Nvidia earnings in the rearview mirror, traders have a handful of earnings before and after the bell to trade on Thursday.
Goldman CEO Slides Into Musk’s DMs, Iran Reviews Trump’s Latest Offer | The Opening Trade 5/21/2026
Goldman Sachs campaigned to lead SpaceX's IPO, with Chief Executive Officer David Solomon messaging Elon Musk directly on X to highlight the bank's commitments. A rebound in US equities stalled while...
SpaceX IPO Requires Leap of Faith in AI, Mars and Musk’s Vision
Elon Musk’s SpaceX pulled back the curtain on a business empire that has racked up ballooning losses and debt after acquiring a cash-hungry startup, and pumping billions of dollars into futuristic...