Goldman Sachs warned: The ongoing tug-of-war in the conflict is causing concerns about the depletion of oil inventories.

Due to the impact of the conflict in Iran, global crude oil and refined oil inventories are quickly depleting, with the supply risks most prominent for naphtha, aviation kerosene, and liquefied petroleum gas. Global petroleum inventories have dropped to the lowest level in about eight years, and it is expected that the inventory days could decrease from the current 101 days to 98 days by the end of May.