best time to buy EV and EV stocks. this is the moment EV will finally break out and catch on. closing the hormuz is the final nail in the oil industry coffin.
Oil Shock: Will Crude Break $100?
WTI surged 7% above $72, while Brent is nearing $80 after Iran announced a blockade of the Strait of Hormuz — a chokepoint that handles ~20 million barrels per day, or roughly 20% of global oil consumption, according to the U.S. EIA.
Iran produces around 3 million barrels per day. If insurance coverage is pulled and tanker risk premiums spike, short-term supply shocks could intensify quickly.
Would supply squeeze push crude above $100?
How do you view oil surge?
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