Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn | Fortune

Jet fuel fears rise as Hormuz crisis drains accessible global oil inventories

IEA data shows onshore inventories fell sharply while more crude is stuck at sea, making supplies harder to access quickly; if the trend continues, analysts warn oil could climb from about $109 to at least $140 a barrel