Energy markets under chokepoint stress: The 2026 Hormuz shock - CEPR
Energy markets under chokepoint stress: The 2026 Hormuz shock - CEPR
Source: CEPR
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DW NOTE
The Strait of Hormuz has been effectively shut since February — not a risk scenario, a seven-month fact. Oil supply is down 5.7 million barrels per day, Brent sits above $105, and the Fed is about to hike into a supply shock with an 88.5% probability. CEPR calling this the "2026 Hormuz shock" in September is half a year late. The shock already happened. What we're living through now is the repricing.