The Hormuz Billion-Barrel Oil Shock Is About to Crash Demand

The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the...

By Grant Smith, Yongchang Chin, Archie Hunter, Will Kubzansky, Jack Farchy, Rachel Graham, Paul Burkhardt, Kathy Chen, Bill Lehane, Robert Tuttle, Christopher Charleston, Nathan Risser, Kari Lundgren · Bloomberg Markets

The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming.