The Countries Most In Danger Of Running Out Of Oil
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 19 March 2026
⏱️ 5 minutes
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| 0:00.0 | Today on Forbes, the country's most in danger of running out of oil. |
| 0:06.6 | Before the U.S. and Israel's war with Iran, 40 tankers carrying 20 million barrels of crude oil |
| 0:13.3 | and refined petroleum products traverse the strait of Hormuz every day. |
| 0:18.6 | This week, Iran has allowed just a handful of tankers to slip through Hormuz, |
| 0:23.5 | including ships flagged to India, Pakistan, and China. Amid oil rationing and shortages, |
| 0:30.3 | which countries are most in danger of winning the race to empty? This week, analyst Mike Haig |
| 0:36.6 | and his team of commodities market analysts at Societe General, |
| 0:40.9 | also known as Sochgen, figure that for now the trickle through the strait will average 500,000 |
| 0:46.7 | barrels per day, on Iran's whim. |
| 0:50.6 | Incredibly, much of the rest of the pent-up oil is still getting to market, or at least |
| 0:55.1 | filling up storage tanks. |
| 0:57.3 | The Saudis have turned to their long-planned and expanded east-west pipeline, which will |
| 1:02.0 | be pushed to its limits in carrying 7 million barrels per day to the Red Sea port at Yanbu. |
| 1:08.7 | Likewise, the United Arab Emirates has been able to move some oil east around the |
| 1:12.7 | strait via pipeline to the port of Fujaira, though Iran has reportedly attacked that infrastructure. |
| 1:19.8 | Analysts at Jeffreys see 6.7 million barrels per day of Gulf oil production now shut in. |
| 1:27.0 | Energy Aspix figures that Hormuz-related outages |
| 1:30.3 | will peak at 10 million barrels per day, with total OPEC crude oil production now down 7 million |
| 1:36.3 | barrels per day to 22.3 million. That's 7% of the world's daily crude oil diet of 100 million |
| 1:43.9 | barrels per day. The United States is the |
| 1:47.2 | world's biggest oil and natural gas producer is somewhat insulated from supply shocks. Prices for |
| 1:53.1 | gasoline and diesel may surge here, but there is a little chance of outright shortages. Other |
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