The Strait of Hormuz Energy Shock Is About to Head to the West

[SamuelTheThird]

The biggest oil supply shock in history has reached the one-month mark. Prices have surged, growth forecasts are being cut worldwide, and shortages are emerging across Asia, from Thailand to Pakistan.

But the energy industry is warning that the crisis is only beginning.

In conversations with more than three dozen oil and gas traders, executives, brokers, shippers and advisers over the last week, one message was repeated over and over: The world still hasn’t grasped the severity of the situation. Many drew parallels with the 1970s oil shock, warning the closure of the Strait of Hormuz is threatening an even bigger crisis. Fuel crunches hitting Asia will soon start spreading west, they said. Europe is likely to face surging prices to secure cargoes and is at risk of diesel shortages in the coming weeks.

https://www.bloomberg.com/graphics/2026-iran-war-hormuz-closure-oil-shock/?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3NDgwMjU2NSwiZXhwIjoxNzc1NDA3MzY1LCJhcnRpY2xlSWQiOiJUQ081VTVLSUpIOFAwMCIsImJjb25uZWN0SWQiOiJBRTVERTA2NkY0MzM0RjhBQThFMjBGOUJEMDQ2NEMyNiJ9.TWML4Uea6NXwxVdZX_wisdQWHFtt7gh8zbqKMxXEWsk&leadSource=reddit_wall

[modrepub]

1. It Appears We Didn't Learn Anything From the 1970s Oil Embargo

I can only hope this one actually inspires folks to look for other ways of producing and using energy.

[misanthrope]

3. Humans don't change behavioral patterns until forced to do so

We're just like so many other critters.

[PATRICK]

2. So the oil industry gets to play fellow victim

and actually get others to pay for the "recovery" and damage while governments must simultaneously pony up for new sources without charging any accountability to big oil for climate change. Which last is what they have been saying and testifying everywhere of late, finally stopping their won climate denial efforts(while their best paid goon is still doing the old job in the US).

[OC375]

4. 3 days

We're only 3 days without power and just in time food delivery away from the bronze age. They knew how to live that way. We don't. Without other people supplying power, water and food it's every man for himself. We don't even write stuff down anymore.

[SamuelTheThird]

5. If this keeps going south (escalates), people are definitely not prepared