Brent surges 51% in 7 weeks! Strait of Hormuz 'virtually impossible'. Swipe β
20% of all world oil passes through Hormuz. Mines, missiles, and warships.
USA: $4.10/gal (+28%). UK: Β£1.72/L (+27%). It could get much worse!
Largest reserve release in history β but only lasts 50 days!
Sanctions eased! US desperately needs Venezuelan oil.
Food +20%. Airfare +30%. Freight +15%. The oil domino effect.
Already the 5th largest oil crisis in history β and it's just beginning!
Complete crisis analysis!