Jointoint analyst Natasha Kaneva has argued that oil prices should rise to balance out the supply disruption caused by the Iran war. The disruption, which stands at 13.7 million barrels per day in April, is caused by Saudi Arabia and the UAE being unable to increase production due to the closure of the Strait of Hormuz. These losses have occurred at prices that do not appear extreme by historical standards. Furthermore, nations are drawing down commercial and strategic inventories by 7.1 million bpd in April to reduce the supply gap, cutting it to 6.6 million bden. However, emerging economies will not be able to balance this deficit alone.