Informative interview on the coming oil supply shock and how it could reverberate through the system.
The Oil Shock Is Here. And We’re Just Beginning to Feel It.
The closure of the Strait of Hormuz, which 20% of the world’s oil flows through, is sending shockwaves through the global economy. But how big will this disruption actually be? According to a conversation with oil analyst Rory Johnston, the effects could be huge—and delayed. While markets have remained surprisingly optimistic, the material realities of the shortage will become inescapable when the last ships through the Strait finally make landfall more than one month after the start of the U.S.
hbr.org