The oil apocalypse is here
02 Oct 2026AI processed
The current global oil shock stems from the convergence of three distinct crises: the Iran-U.S. conflict, the Russia-Ukraine war, and the Saudi-Houthi conflict in Yemen. These disruptions have effectively closed key maritime chokepoints like the Strait of Hormuz and the Bab al-Mandeb, forcing oil tankers to take signif...