If a temporary disruption, we’d go back to business as usual as soon as the supply constraint abated. The scale and time duration oil flows will be disrupted has led to a “burn the ships” transition, because it is simply the more economically rationale path now. More rapid global energy transition means the forward carbon emissions curve gets bent down.

https://oilprice.com/Latest-Energy-News/World-News/Irans-Oil...

https://oilprice.com/Energy/Energy-General/Persian-Gulf-Oil-...

https://www.cnbc.com/2026/05/28/oil-inventory-exxon-strait-h...