Supply shock coming as last oil tankers leaving Hormuz before Iran war to unload in next few days

[nitpicked]

1. And from BBC

https://www.bbc.com/news/live/cp9vm5ezxz4t

(snip)

Oil back under $100 a barrel - but things could get much worse, warns IEA

03:26

While oil prices have retreated from over $100 a barrel, the cost of crude is still 36% more expensive than it was before the Iran war began on 28 February – and it could get worse, according to the International Energy Agency (IEA).

IEA executive director Fatih Birol suggests that current prices do not reflect the severity of what is going on in the Middle East.

"April may well be even worse than March, because during the month of March, we have already received cargoes which were loaded well before the crisis started... and during the month of April, nothing is being loaded," he says.

"The longer the disruption is, the more severe the problem becomes."
(snip)