Supply shock coming as last oil tankers leaving Hormuz before Iran war to unload in next few days [View all]

https://www.msn.com/en-us/money/markets/supply-shock-coming-as-last-oil-tankers-leaving-hormuz-before-iran-war-to-unload-in-next-few-days/ar-AA20Oky0?ocid=msedgntp&pc=HCTS&cvid=69ddea92b63745a0be236de057877264&ei=10

The final oil tankers to traverse the Strait of Hormuz before the outbreak of the Iran war are set to reach refineries by April 20, a pivotal moment that analysts warn could begin physical shortages in Europe and the U.S. within weeks, the Financial Times reported Monday.

Most pre-war deliveries to Asia, which sources ~80% of its crude from the Middle East, stopped around April 1, although at least one cargo of Iraqi oil to Malaysia is expected to land this week, FT reported, while the last pre-war deliveries to the U.S. are set to end this week, those to Africa had landed by April 10, and Denmark received its last jet fuel cargo from Kuwait over the weekend, according to analysts at J.P. Morgan.

Signs of strain in the physical market have emerged in recent days, with prices for cargoes for immediate delivery soaring well above future contracts.

The North Sea's Forties Blend surged to a record $148.87/bbl on Monday, Reuters reported, a highly unusually large premium over the price of Brent crude futures
(snip)

((tried to find this on the source website, couldn't))