Hormuz Closed

And Hormuz is closed...

Hormuz is flowing

All is back to normal. 

Hormuz Oil Forecast

If Hormuz stays closed, oil will keep rising. 

The disruption is unprecedented.

Until Hormuz reopens. The oil futures curve points to a much lower oil price if that happens.

Oil Demand Destruction

Oil demand destruction scenarios. Oil basically can't go above $100 in less than 60 days. 

Hormuz Closure

Watch the Hummus.