Oil exports from the Persian Gulf have fallen to roughly half capacity, causing Brent prices to rise about 50% since before the conflict.
The analyst predicts oil prices will not reach $150-$200, arguing current shortages are already priced in, and forecasts stronger US growth but weaker prospects for Europe and parts of Asia.
China is expected to fare better due to large crude stockpiles, while global growth forecasts differ in composition from the IMF. Ongoing closure or a peace deal could shift these projections.
As Europe faces fuel shortages, can American oil producers truly fill the massive global supply gap?
With Gulf infrastructure shattered, could a peace deal even bring oil prices back down to normal levels?
Are markets ignoring the risk of a global recession far worse than the 1970s oil shocks?
How is China using its billion-barrel oil reserve to navigate a crisis crippling its Asian neighbors?
Beyond fuel, how will the Hormuz closure disrupt the world's access to food and technology?
What are the real options for nations facing total dependency on now-inaccessible Persian Gulf oil?