S&P's Yergin: "This is The Biggest Energy Disruption We've Ever Seen"

The Strait of Hormuz oil shock has not yet crushed demand because developed markets are drawing on inventories and paying up to secure supply. Traders are warning that a sharper adjustment in demand and pricing may still be ahead if the disruption persists. The article points to heightened oil-market stress and broader supply-chain risk.

Analysis

The Strait of Hormuz oil shock has not yet crushed demand because developed markets are drawing on inventories and paying up to secure supply. Traders are warning that a sharper adjustment in demand and pricing may still be ahead if the disruption persists. The article points to heightened oil-market stress and broader supply-chain risk.