As the first attacks of the Iran war began and the Strait of Hormuz was shuttered, markets wasted little time pricing in the expected devastation in oil markets

Iran war disrupts oil supply, causing concerns for future price spikes. Crude oil reaching a new all-time high by September 30 at 2.5% YES.

The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price...