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After 100 days since the closure of the Strait of Hormuz, strategic oil reserves have become the last line of defense against the effects of navigation disruptions in the strait, with approximately 400 million barrels withdrawn to contain the crisis. However, the market has not seen a significant rise in prices, as Brent crude has hovered between $90 and $100 per barrel, due to reliance on alternatives such as pipelines, commercial stocks, and floating storage, with some emergency reserves gradually being depleted. Experts anticipate that continued withdrawals from reserves could create an supply gap and push prices closer to $150 per barrel if the crisis persists.
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