Crude Oil, Natural Gas, Chemicals
May 22, 2026
Hormuz Blockage: The Real Constraint
Featuring Carlos Pascual
HIGHLIGHTS
Oil, gas, fertilizer surge expectations rise
Hormuz disruption runs deeper than expected
Recovery takes longer than markets anticipate
Many expect oil, gas, fertilizer and more to surge back into global markets the moment there's a political breakthrough in the Strait of Hormuz. The reality is far more complex — the disruption will run deeper and longer than most anticipate.
