The Strait of Hormuz Energy Shock Is About to Head to the West

If the strait stays closed, the world will have to dramatically reduce its oil and gas consumption — but not before prices spike to a level that forces us to...

By Alex Longley, Julian Lee, Alaric Nightingale, Jack Wittels, Tom Fevrier, Denise Lu, Marie Patino, Demetrios Pogkas, Hayley Warren · Bloomberg

If the strait stays closed, the world will have to dramatically reduce its oil and gas consumption — but not before prices spike to a level that forces us to fly, drive and spend much less.