Iran basically closed the Strait of Hormuz. They used cheap drones and traffic dropped to zero.

This is the biggest energy crisis since the 1970s. 20% of global oil flows through that strait. Alternative pipelines? 2.6 million barrels/day capacity. Normal flow? 20 million barrels/day. Production’s collapsing because producers can’t export, can’t store, have to stop pumping: * Iraq: Down 70%, cut 1.5M barrels/day * Kuwait: Just announced cuts, 14 days until storage full * U.S. crude: Up 35.6% in one week. The biggest gain in futures history Asia’s getting crushed. Japan imports 95% of crude from Middle East. Europe’s competing for Atlantic LNG after Qatar shut down. China’s the only ships still transiting. Iran didn’t need mines or missiles. Just $20,000 drones and the threat of using them. Insurers did the rest. U.S. offered escorts and subsidized insurance. Shipping companies said “we’re not risking crews in a war zone bruh.” Asymmetric warfare perfected. $20K drones shut down 20% of global oil supply. GG. WSJ

Mario Nawfal