Anonymous5 days ago
The 2026 Iran war has triggered the largest oil supply disruption ever recorded, removing over 10 million barrels per day from global markets and sending Brent crude above $112 per barrel — a 55% surge in one month. The near-total closure of the Strait of Hormuz, through which 20% of the world's oil flows, has exposed deep vulnerabilities in Asian energy supply chains, strained bypass infrastructure beyond capacity, and prompted the IEA to authorize a record 400-million-barrel strategic reserve release while governments scramble to shield consumers from cascading price increases across fuel, freight, aviation, and food.