Iran: Sleepwalking Into A Crisis

Roughly 11 million barrels per day have been removed from the market as the Iran conflict keeps the Strait of Hormuz largely closed, creating the largest energy shock since 1973. The disruption is severely impairing global energy flows and supply chains, with broad implications for oil prices, freight, and inflation-sensitive assets. This is a market-wide geopolitical shock with immediate negative risk sentiment.

Analysis

Roughly 11 million barrels per day have been removed from the market as the Iran conflict keeps the Strait of Hormuz largely closed, creating the largest energy shock since 1973. The disruption is severely impairing global energy flows and supply chains, with broad implications for oil prices, freight, and inflation-sensitive assets. This is a market-wide geopolitical shock with immediate negative risk sentiment.