Energy — Strait of Hormuz Crisis Drives 9M Bpd Supply Loss, UAE Exits OPEC, and California Gas Tops $6 as Energy Crunch Enters New Phase

Energy · 2026-05-01

The Middle East energy crisis is entering a structural inflection point. Vortexa data confirms a net 9 million bpd crude supply loss despite record U.S. Gulf Coast exports and alternative pipeline routes adding 3.6 million bpd back into the system — the gap remains enormous. This supply shock is now cascading across multiple fuel markets simultaneously: global jet fuel shipments hit record lows…