油价- 从东到西：评估全球冲击影响-Oil Flash Note_ From East to West—timing the global impact

Global Markets Strategy 26 March 2026 J P M O R G A N Oil Flash Note From East to West—timing the global impact With the last tanker departing the Strait of Hormuz on February 28, the global system is shifting from a flow shock to a stock depletion problem, where timing —not just volumes—drives the impact. Voyage times set the clock: cargoes from the Gulf reach Asia in roughly 10-20 days, arriving first in India and later in Northeast Asia. Europe and Africa follow, with transit times of about 20-35 days, w ...