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🔴The Strait of Hormuz closure is the biggest OIL SUPPLY SHOCK the world has ever seen:
The initial loss of oil supply from the closure reached ~10 million barrels per day.
This is larger than any disruption caused by the Iranian revolution, the Arab oil embargo, the invasion of Kuwait, or the Iran-Iraq war.
This comes as tanker traffic through the Strait collapsed from ~60 vessels per day to near zero, cutting off ~20 million barrels per day of gross supply from global markets.
Alternative sources, including OPEC spare capacity, pipelines, inventory releases, and sanctioned oil in transit, can cover most of the shortfall in the short term, leaving a potential supply gap of ~4.6 million barrels per day, or just over 4% of global consumption.
However, inventories cannot be drawn down indefinitely, and if the closure persists, the effective shortfall could rise toward 8% of global consumption.
The world cannot afford the Strait closure for too long.
Donald J. Trump shared a post from 🎀WomenForTrump💕🔥🗽🇺🇸:
> STRAIT OF TRUMP! 🫡🇺🇸🙌🏻
( TS: Apr 29 2026, 9:22 PM ET )
For those with an AI disposition, please scroll on. If not I needed a graph ( there's a few flying around at present 👀 I got AI to make me one on what it all means, for the general public who are ikely to be confused with all this daily data
The Bank of England just sold a 2061 gilt at £23.41.
It bought it at £100.
A 67% loss, indemnified by you.
This is the receipt arriving in the post.
From the automation revolution, Britain’s demand-side collapse has already begun, the cognitive middle is the collateral, and the £9.18 trillion of housing wealth on household balance sheets is about to discover what it actually is.
The BoE knows. The Treasury knows. No party will say it out loud.
The coming recession is merely foreplay.
Read the full diagnosis 👇
https://t.co/4CYwM3xcp5
BREAKING: Brent crude oil prices officially surge to their highest level of the Iran War, at $119.50/barrel.
This puts Brent crude oil prices at their highest level since 2022.
The IEA has called this the “biggest energy security threat in history.“
BREAKING:
🇺🇸 Trump is on track to cause the biggest oil crisis in decades
Brent Crude Oil has risen to $119, the highest since the 2008 financial crisis
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