Someone quietly absorbed the biggest supply shock in oil market history. It wasn't who or why you think.
By Lau Vegys
Preppgroup
August 7, 2026
Remember the oil shock?
When the fighting closed the Strait of Hormuz this spring, the predictions were apocalyptic. Thirteen thousand flights canceled. Britain, we were told, was days from its last shipment of jet fuel. Analysts penciling in $200 oil, and a few of the louder ones going even higher.