High prices and supply chain shocks have led governments and companies worldwide to cut back on oil use, with Asia and the Middle East seeing the sharpest declines.
Experts caution that this shift could trigger lasting economic changes, including recession risks and accelerated transitions to alternative energy sources.
Beyond oil, is the world's reliance on fragile supply chokepoints leading to an unavoidable systemic collapse?
With fertilizer flows cut, could the Hormuz crisis trigger a global food catastrophe worse than the energy shock?
Can a massive release from strategic oil reserves even dent a supply disruption of this historic magnitude?
As the US and China face off over the blockade, is this oil crisis the prelude to a larger conflict?
Will record-high gas prices finally trigger a permanent global shift to electric vehicles and renewables?
Gold has hit $5,000. Is this crisis accelerating a permanent move away from the US dollar's dominance?