The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons for that may hint at a rewiring of global energy flows. That unexpected resilience of markets has many explanations, but it’s forcing a bigger question: does the world simply wait for the critical waterway to normalize, or start building alternative routes, inventories and supply systems to hedge against future risks which will take years.

Soon China oil reserves will run out. Them all hell  will break loose. And when Iran with their surrogates  the Hooties shut the red sea it will be oil crises squared, Then you will wish you had solar panels, electric cars and guns.  And don’t forget a 2 year food supply. And i don’t meal that salt laced nitrate freeze dried crap the sell on the internet.

NN: I want to be crystal clear here. This drop in oil prices is a buyers gift from the market manipulators Their is only 20 million barrels on ships to come out of the straights when they open . Deficit from the shutdown is over 900 million barrels. It will take 450 days IF they can RAISE PRODUCTION by 2 MBPD. Reality is it will at best 1 year to return to 2025 production levels never mind increase production. Which means the oil market will be undersupplied for years into the future.