Citibank has projected that oil prices could surge to $130 per barrel if disruptions in the Strait of Hormuz persist for two months. The bank estimates that such a prolonged disruption could result in global crude and refined product inventory losses of up to 1.7 billion barrels. Even with a ceasefire and gradual resumption of shipping in May, inventories are expected to decline by 900 million barrels due to ongoing production delays and conflict-related damage. Citibank further predicts that, even if the conflict ends this week, global oil inventories will reach their lowest level in eight years by the end of June. Rebuilding these stocks could take over two years, even if the market achieves a daily surplus of one million barrels.