🚨🇮🇷 The Hormuz crisis has triggered the biggest energy supply shock on record...
Strait of Hormuz disruptions cut off access to 14% of the global oil and gas supply, over TWICE the relative impact of the 1970s oil crises and 6x more than the peak shock from Russia’s 2022 invasion of Ukraine.
Before the crisis, 91% of energy flowing through Hormuz was oil and 9% was gas.
3 critical buffers have kept supplies moving:
-Emergency reserves: The IEA coordinated a release in March, with the U.S. pledging 172 million barrels.
-Alternative pipelines: Saudi Arabia rerouted oil toward the Red Sea, while the UAE used its pipeline to Fujairah.
-Flexible trade: Tankers were rerouted, and refineries switched crude grades and suppliers.
But these backup options are now strained. The U.S. Strategic Petroleum Reserve has fallen to its lowest level since 1982.
Can deals with Venezuela and Russia make up the gap?
Source: McKinsey Global Institute / Writer: Marie
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Jack Hinson @Jack_Hinson214 ·
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The SPR is a joke in terms of US supply. Completely emptying it is like spitting in the ocean compsted to US daoly consumption. What you are actually seeing is the US selling oil when the price is high and buying it when low. It turns a tidy revenue for the US Treasury Department.








































