Anonymousabout 2 months 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.