The IEA says this is the largest oil supply disruption in history

The IEA says oil inventories are being drained at the fastest pace in history. Global stocks dropped 129 million barrels in March, another 117 million in April. The Strait of Hormuz situation cut 12.8 million barrels per day in supply since late February. Market is heading into deficit — 1.8 million barrels per day below demand. North Sea crude swung from $144 a barrel to under $100. Morgan Stanley says this is the largest oil supply disruption in the history of the oil market. Mike's button: Washington spent the last four years telling us oil was the past. The past just became the most expensive thing on the planet.

America-first economics, video format. Specific numbers, named institutions, real consequences for fuel costs Mike's customers and employees feel directly. Fresh lane — recent content covered gas prices and energy independence in hero_text; this is a hard news hook with IEA/Morgan Stanley sourcing that lands better spoken.

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