Oil is Quietly Escaping the Strait of Hormuz. What it Means for Oil Stocks.

Despite Iran impeding tanker traffic through the Strait of Hormuz for over 100 days, additional oil is escaping via 'ghost' fleets and toll payments, keeping prices from spiking dramatically. However, global oil inventories are draining rapidly toward operational minimums, which could trigger significant price increases. Oil majors like ExxonMobil and Chevron are positioned to benefit from higher oil prices and improved cash flow generation.