Iran's War on Oil Markets Explained: The Shock We Haven't Felt Yet | The Weekly March 16 2026

Iran's new Supreme Leader just shut down the Strait of Hormuz — the chokepoint that carries 20% of the world's oil supply. This is the full breakdown of what actually happened, how fast it escalated, and why economists are warning the real economic shock hasn't even arrived yet.

David Sencil and Graham Stone break down the leadership transition, the shift from civilian targets to energy infrastructure attacks, the IEA's emergency oil release, and why an 8% supply shortfall is catastrophically different from a 2% one.

The markets are forward-looking. They're already pricing in fear. But the physical commodity shock — that's still coming.

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Видео Iran's War on Oil Markets Explained: The Shock We Haven't Felt Yet | The Weekly March 16 2026 канала The Weekly