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1 revisions for "The $100 Barrel Was Always Coming: How Decades of Complacency Left the World Unprepared for Oil's Strait of Hormuz Catastrophe"

#1
Anonymous20 days ago

The 2026 closure of the Strait of Hormuz by Iran — triggered by U.S.-Israeli strikes that killed Supreme Leader Khamenei — has created the largest oil supply disruption in history, sending Brent crude above $100. Despite decades of warnings about the chokepoint's vulnerability, underinvestment in bypass pipelines, the short-disruption fallacy, and geopolitical complacency left the world with emergency tools designed for a crisis far smaller than the one now unfolding.