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October 8, 2026

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World’s Oil Reserves ‘Scarily Thin’ As Houthi, Hormuz Attacks Push Oil Back Over $100 A Barrel

Automotive

World’s Oil Reserves ‘Scarily Thin’ As Houthi, Hormuz Attacks Push Oil Back Over $100 A Barrel

Nermeen Nabil October 7, 2026

World's Oil Reserves 'Scarily Thin' As Houthi, Hormuz Attacks Push Oil Back Over $100 A Barrel

Saudi Aramco CEO Amin Nasser said, “Less than 6 billion barrels of commercial inventories remain today, with the vast majority not practically available.”

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