Oil markets are facing the “largest supply disruption in history” as the war in Iran continues to block tankers from shipping millions of barrels of crude each day, the world energy watchdog has warned.

The International Energy Agency (IEA) said the supply shock ignited by Iran’s effective blockade of the strait of Hormuz meant the world faced a deeper crisis than after the Yom Kippur war of 1973 and the 2022 outbreak of war in Ukraine.

  • swicano@slrpnk.net
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    3 hours ago

    The largest supply disruption so far! I’m sure if we try hard we can blow up some other oil infrastructure

    • Taokan@sh.itjust.works
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      3 hours ago

      I feel like if we could build a device that absorbed the harmonic frequency of saying “Biden” on fox news, we could probably power the whole planet and part of Mars.

    • ikt@aussie.zoneOPM
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      3 hours ago

      I swear I had a dream that we produced energy from panels we could put on our roofs

      What a crazy idea that would be though 😁