global oil crisis

Here’s what we know:

The world gets about 20% of its oil via the Strait of Hormuz. The Strait has been closed or nearly closed since the United States launched its war with Iran.

That launch date was February 28th. Today is July 13th. We’re approaching five months of little to no oil getting through the Strait.

That’s so far resulted in 1+ billion fewer barrels in global circulation.

Here’s what we don’t seem to know