Energy — Conflict in Middle East Disrupts Global Oil Supply

Energy · 2026-04-14

TODAY'S SIGNAL — The energy world is in crisis mode. The U.S. naval blockade of the Strait of Hormuz, announced Sunday after the collapse of Islamabad peace talks, sent oil surging 7% above $100 on Monday before diplomatic hopes pulled Brent back to ~$98 on Tuesday. But the futures market is masking deeper distress: physical Forties Blend hit $149/bbl, and global production is down an estimated…