JUST IN: Closure of the Strait of Hormuz has triggered the worst global energy crisis since the 1970s, WSJ reports.
— BRICS News (@BRICSinfo) March 9, 2026
Factcheck: Yes, per WSJ and shipping trackers like MarineTraffic/Reuters: tanker traffic in the Strait of Hormuz has virtually halted amid the Iran conflict (down ~90% since early March), stranding hundreds of vessels and spiking oil prices over 50%. This matches the worst global energy crisis since the 1970s oil shocks. Iran denies a full closure but targets U.S./Israeli-linked ships, causing the de facto shutdown.
and why he didn’t want to, in his past life pic.twitter.com/2QpNqPicTo
— George Cip (@georgejcip) March 9, 2026
Five days later, the situation has clearly deteriorated. Tanker traffic remains severely limited, producers are starting to shut in output, and refined product markets are tightening even faster than crude.
If flows aren’t restored soon, the darker scenario for global energy… https://t.co/SSCQIlAnyP
— OilPrice.com (@OilandEnergy) March 9, 2026
BREAKING: The world is now experiencing its largest oil supply shock in history, losing nearly 20 million barrels of oil supply per day.
Top oil supply shocks:
1. Hormuz Closure (NOW): -20 million b/d
2. Iranian Revolution (1978): -5.5 million b/d
3. Yom Kippur War (1973): -4.5…— The Kobeissi Letter (@KobeissiLetter) March 9, 2026
It took markets 1 week to grasp here is a serious war.
In another week, they will see that Iran is not a pushover and US Israel have no military superiority, quite the opposite.
Then will come market crashes around the world, followed by the Great Global Depression…
~ April… https://t.co/Tr5zHiNdpA
— 471TO (@TOzgokmen) March 8, 2026
NEW: US officials surprised by Iranian military response, did not expect retaliatory strikes to be extensive or sustained, planned for operations in Iran to go similarly to Venezuela according to NYT.
— Dominic Michael Tripi (@DMichaelTripi) March 9, 2026
The Strait of Hormuz has been closed for 8 days. Everyone thinks this is about oil. This is about what oil becomes. 92% of the world's sulfur comes from refining oil and gas. Close the Strait of Hormuz and you don't just lose 20 million barrels of crude per day. You lose the…
— Gaurab Chakrabarti (@Gaurab) March 8, 2026
Iran War so far:
WINNERS
Russia (oil)
Singapore & Thailand (UAE money flowing in),
China (Growing influence)LOSERS:
Iran -destroyed & under siege
Bahrain – overthrown
UAE – returns to desert
Ukraine- impeding military and economic collapse
Europe – Energy…
— Dan Collins (@DanCollins2011) March 8, 2026
Wow. The chances are high we see lines here too if this goes on long enough.
Unprecedented times https://t.co/TWzDPPtHhj
— QE Infinity (@StealthQE4) March 9, 2026
Deutsche Bank Warns Energy Shock “Existential Threat” To Airlines, May Force Some To Ground Fleets
Flight disruptions tied to Operation Epic Fury in the Middle East exceeded 14,000 by the end of last week. While there were early signs of normalization by mid-week, the global aviation industry remains disrupted, with some of the weakest airlines facing an increased risk that surging energy prices could lead to the idling of commercial jet fleets.