THE ENERGY LOCKDOWNS HAVE BEGUN AND MOST PEOPLE STILL DON'T UNDERSTAND WHAT'S COMING The IEA just issued emergency orders to the entire world. Work from home. Stop flying. Reduce highway speeds. Use public transit. This is not a suggestion. It's an emergency playbook. The real danger is not the war itself. It's the food and energy shock that follows. And that's already here. Oil is at $115 a barrel. Up 50% in three weeks. But oil is just the beginning. The Strait of Hormuz carries 20% of global oil AND 33% of global fertilizer. It's been closed since February 28. Fertilizer prices are up 40%. Exports are down 50%. Gulf fertilizer plants are going dark right now. Spring planting season is here. Farmers in the US, India, and Africa are staring at $700/ton urea. You don't feel it yet. You will in 3 months when grocery prices go vertical. Then there's helium. Pharmaceuticals. Shipping. All disrupted. Fortune called this "the 4th major supply shock this decade." Covid. Ukraine. Tariffs. Now this. Except this one hits energy AND food AND medicine AND fertilizer at the same time. The IEA just released a RECORD 400 million barrels from emergency stockpiles. That's a panic move. They've never released that much. Most people are watching the bombs. The real damage is coming from what can't get through that strait. RT before this gets buried by the algorithm.(Wang Laurent)