EIA Gives Oil Traders a New Way to Panic About Hormuz

The U. S. Energy Information Administration is about to hand oil traders another thing to obsessively refresh between API inventory data drops and Strait of Hormuz headlines.

Starting Wednesday, the EIA will publish a new quarterly report that tracks global strategic petroleum reserves and energy flows through major shipping choke points, including through the world’s most nerve-wracking stretch of water right now: the Strait of Hormuz.