7/ With oil being used at a rate of 13 million barrels per day, it is becoming increasingly physically scarce as supply rapidly becomes tighter in the absence of Gulf crude. This has major implications for the price of oil and downstream products, including gasoline.
Full-scale invasion and national resilience, broadcasted live.
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Oil Prices to Remain High Through End of 2026
6/ In all but the most optimistic scenario, oil prices remain high or very high through to the end of 2026. Even worse scenarios are feasible if the strait remains closed beyond June.
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Strait Closure Causes Record Low Global Oil Reserves
5/ The strait remains closed until at least the end of June. 1.7 billion barrels of production are lost, reducing global oil reserves to record low levels. If the war resumes, further damage to oil and gas infrastructure is predicted, making shortages more persistent.
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Strait Reopens in June After 1.3 Billion Barrels Lost
4/ Disruption continues through May, before the strait is reopened in June. Flows resume, but with a month's added disruption. Lost production reaches 1.3 billion barrels.
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Iran War Ceasefire: Oil Traffic Resumes, 900M Barrels Lost
3/ A ceasefire extension is signed this week, oil tanker traffic resumes, flows recover through May, and pre-war levels resume by the end of June. A total of 900 million barrels of oil production is lost since the start of the Iran war.
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Citi Outlines Three Scenarios for Strait of Hormuz Impasse
2/ A new report published by Citi sets out scenarios for the current impasse in the Strait of Hormuz, while other analysts say it could take nine months for things to return to normal even if a peace agreement is signed. Citi's analysts predict three possible outcomes:
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US Gas Prices Could Hit Record $5.50 If Hormuz Stays Closed
1/ Average gasoline prices in the US could rise to an all-time record of $5.50, and much higher in some states, if the Strait of Hormuz does not reopen by the end of June. Citigroup warns that the world's oil inventories risk falling to record low levels.
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Polish Fintech Zen.com Acquires Ukraine’s Confiscated PINbank
Polish fintech buys Ukrainian bank confiscated from Russian oligarch. Polish fintech http://
Zen.com said the company had acquired First Investment Bank, known as PINbank, which was transferred to the state in 2023. https://
kyivindependent.com/polish-fintech
-buys-ukrainian-bank-confiscated-from-russian-oligarch/
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No Street Battles in Orikhiv Yet, Russians Plan to Advance
Voloshyn: There are no street battles in Orikhiv, Zaporizhzhia region, although the Russians plan to approach closer to the city https://
pravda.com.ua/news/2026/04/2
3/8031382/
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Ukraine Faces Critical Radar Shortage Amid Rising Air Defense Demand
Ukraine's air defense is short on radar. The entire 2026 production may already be sold out. Without radar, interceptor drones, mobile teams, and other defenders cannot aim. There are three bottlenecks: rising demand, shortages of funds and components, and tight regulations by