WHAT WAS CLAIMED
J.P. Morgan has reported Australia will run out of fuel on April 20.
OUR VERDICT
False. The date is an estimate of when most oil shipments from the Gulf would stop arriving in Australia following the closure of the Strait of Hormuz.
AAP FACTCHECK - US bank J.P. Morgan has not reported that Australia will run out of fuel on April 20, despite claims on social media.
The date cited in the bank's report refers to when most fuel shipments ultimately sourced from the Gulf will likely stop arriving in Australia and New Zealand following Iran's closure of the Strait of Hormuz.
"JP Morgan just published a countdown for when each continent runs out of fuel," an X post reads. "Australia: April 20th."
The post has been shared across Facebook and Instagram.
It includes a map produced by J.P. Morgan in a report examining the impact of the closure of the Strait of Hormuz on global oil supplies.
AAP FactCheck has obtained the full report and the map shows the flow of oil around the world.
The oil destination regions are split into five zones: Europe, Africa, the US, Asia, and Australia and New Zealand.
Each region is assigned a date, including April 20 for Australia and New Zealand.
However, the date does not mark when fuel will run out; it instead estimates when most fuel shipments - derived from Gulf oil - will reach Australia after Iran's closure of the Strait of Hormuz at the end of February.
As previously covered by AAP FactCheck, Australia does not solely rely on oil coming through the Strait of Hormuz.
Australia also has a fuel stockpile within the country. As of March 31, Australia's stockpile stands at 39 days of petrol, 29 days of diesel and 30 days of jet fuel.
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