Goldman Sachs believes that the tight diesel supply in the United States in August is the most severe level since 2003 Golden Finance reported on June 2nd that according to Dan Struvin, co head of Goldman Sachs' global commodity research department, if commercial crude oil inventories continue to decline at the recent rate with the Strait of Hormuz almost completely closed, then by August, diesel inventories in the United States may drop to a critical level that can only sustain 20 days of supply. In the past eight weeks, US oil inventories have experienced the largest decline in history. US diesel inventories have dropped to their lowest level since 2003. The Iran War has completely changed the global oil market landscape, with Persian Gulf oil producing countries experiencing a significant reduction in oil transportation through the Strait of Hormuz, almost to zero, resulting in millions of barrels of oil production being forced to shut down. Although US refineries can make up for this gap by using inventory, the potential turning point will become increasingly severe once this waterway continues to be blocked. Struvin said, "This tension will also be evident in the United States." According to data from the US Energy Information Administration, the diesel supply in the week ending May 22 was about 28 days of reserves, compared to about 36 days at the end of January.