Sam Lowe

@samuelmarclowe.bsky.social

Trade policy. Partner @ Flint Global. Associate fellow @ Chatham House. I have a Substack: https://mostfavourednation.substack.com

It's becoming clearer how exactly the world has adjusted to the Strait of Hormuz shock. China is about 15% of global crude demand and import volumes have fallen by about a third between March and May. So roughly 5% of global consumption is being absorbed through domestic inventory drawdown.

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