Worst-case oil scenario: 15M bpd lost, global storage depletion would cause recession. US underestimated Iran.
Browsing: Oil
Will Houthis close Bab al-Mandab? 6.2M bpd at risk. Combined with Hormuz, crippling pressure equation.
Iran’s Hormuz closure inflicts existential attrition: oil prices double, IEA releases 400M barrels. Economics destiny.
Iran escalates: tankers ablaze, warns $200 oil. IEA releases 400M barrels. War far from over.
Gulf economies face fragility: force majeure declared, 6.7M bpd cut. $5T reserves buffer vulnerabilities.
Russia shouldn’t celebrate: temporary oil waivers for Iran war, not Ukraine-linked. Linkage remains crucial.
Iran war oil shock: EU’s direct exposure low, but Asian competition, Russian leverage threaten. Phase-out essential.
Hormuz traffic plummets 19M to 3M b/d. Qatari LNG halted. Only reopening strait solves crisis.
Iran war roils energy markets: Brent tops $92, Hormuz choked, Qatari LNG halted. Strategic reserves cushion.
Iran closes Hormuz, threatening global oil. US Navy escorts considered but forces stretched between missions.