Hormuz Is Cracking Open — and 110 Million Stranded Barrels Could Crash Oil Prices to Pre-War Levels (opens in new tab)

Oil tankers carrying more than 110 million barrels have been waiting in the Persian Gulf for months, and analysts warn that a genuine Hormuz opening could flood markets and push Brent from $90 back toward $70 — but the political, logistical, and demand variables make that drop far from automatic.