$200 Oil by June?—The Biggest Oil Shock in History | Rory Johnston on The Hormuz Crisis

Rory Johnston, the “oil quant,” joins us to explain why the Hormuz crisis could become the biggest oil shock in history. Oil markets are already screaming. Supply is trapped, inventories are being drained, and the market may still be underpricing the scale of the disruption. If the Strait stays closed, Rory says the path to $200 oil is no longer crazy. It may be the next stop. This is oil, geopolitics, inflation, and markets all colliding at once.------📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24https://bankless.cc/spotify-premium------🔮POLYMARKET | #1 PREDICTION MARKEThttps://bankless.cc/polymarket-podcast 🟦 COINBASE ONE | GET 20% OFF https://bankless.cc/coinbase-one🦊 METAMASK | DOWNLOAD NOWhttps://go.metamask.io/BL-Pod-Download 🌐BRIX | EMERGING MARKET YIELDhttps://bankless.cc/brix💰NEXO | YIELD + CREDIT LINEhttps://bankless.cc/nexo🧭OKX | TRADE, EARN, PAYhttps://app.okx.com/join/USBANKLESS------TIMESTAMPS0:00 Intro1:17 What is a Barrel of Oil?7:04 How is Oil Transported?8:24 Is Oil Fungible?13:25 Oil Then Vs Now17:10 Peak Oil?24:59 Hydrocarbon World Distribution29:32 What is Spare Capacity?32:14 Inventories in the Buffer System35:04 Oil Futures38:59 Oil Curve44:51 Economic Implications of Oil Markets48:48 Straight of Hormuz55:30 Future Oil Price Action1:03:53 Steelmanning the Market Reaction1:13:23 When will the Straight Open?1:21:57 Is the USA Winning?1:27:49 Pressuring Iran1:31:48 Signals to Watch1:33:36 Fast Forward to 20501:38:38 Closing & Disclaimers------RESOURCESRory Johnstonhttps://x.com/Rory_Johnston Commodity Contexthttps://www.commoditycontext.com/ ------Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures⁠