Compounding the danger of a prolonged conflict is the reality of “trapped” spare capacity. While the global market normally relies on spare capacity in Saudi Arabia, the UAE, and Kuwait to buffer against price shocks, Struyven explained that those barrels typically must flow through the Strait of Hormuz to reach global buyers. Consequently, as long as the Strait remains compromised, that spare capacity cannot be physically deployed. Furthermore, while the U.S. Strategic Petroleum Reserve (SPR) could be used as a textbook response to sustained disruptions, the SPR currently holds around 415 million barrels—more than 200 million barrels lower than it was prior to the 2022 energy crisis.
数据显示，在GAAP 口径下，百度第四季度净利润 17.82 亿元，同比降幅达 65.68%；从 2025 全年来看，归属于百度的净利润仅 55.89 亿元，同比暴跌 76.48%，较上年同期缩水约182亿元。
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