Coin Bureau
Coin Bureau|Mar 23, 2026 09:45
🔥THIS IS NOW THE BIGGEST OIL SUPPLY SHOCK EVER IN HISTORY The IEA just called the Strait of Hormuz crisis the "greatest global energy security challenge in history", BIGGER than major oil & gas crises combined. Details: 📉 THE 1973 OIL SHOCK: The Arab embargo pulled ~2.6 mb/d offline for 6 months. Prices quadrupled: $2.90 → $11.65/barrel. 📉 THE 1979 OIL SHOCK: Iran’s revolution + Iraq’s invasion removed ~6–7 mb/d combined. Global oil supply dropped ~4% and prices more than doubled to $39.50/barrel. 📉 THE 2022 RUSSIA-UKRAINE GAS CRISIS: Russia removed ~3 mb/d of petroleum, spiking Brent from $76 → $138. All three combined, that’s ~12–13 mb/d at peak. Meanwhile... 🔥THE 2026 HORMUZ CRISIS: Gulf production is down at least 10 mb/d. Flows through the Strait have gone from 20 mb/d to nearly 0. IEA says global oil supply is projected to plunge by 8 mb/d in March, with losses still mounting. S&P Global, however, estimates 17 mb/d of oil and products have been removed from markets. If that's the case, that's more than 1973 + 1979 + 2022, all combined. NOBODY has a playbook for this. 🔥(Coin Bureau)
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads