$200 Oil by June?—The Biggest Oil Shock in History Rory Johnston on The Hormuz Crisis

Rory Johnston, the “oil quant,” joins us to explain why the Hormuz crisis could become the biggest oil shock in history. Oil markets are already screaming. Supply is trapped, inventories are being drained, and the market may still be underpricing the scale of the disruption. If the Strait stays closed, Rory says the path to $200 oil is no longer crazy. It may be the next stop. This is oil, geopolitics, inflation, and markets all colliding at once. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 ------ 🔮POLYMARKET | PREDICTION MARKET 🟦 COINBASE ONE | GET 20% OFF 🦊 METAMASK | DOWNLOAD NOW 🌐BRIX | EMERGING MARKET YIELD 💰NEXO | YIELD + CREDIT LINE 🧭OKX | TRADE, EARN, PAY ------ TIMESTAMPS 0:00 Intro 1:17 What is a Barrel of Oil? 7:04 How is Oil Transported? 8:24 Is Oil Fungible? 13:25 Oil Then Vs Now 17:10 Peak Oil? 24:59 Hydrocarbon World Distribution 29:32 What is Spare Capacity? 32:14 Inventories in the Buffer System 35:04 Oil Futures 38:59 Oil Curve 44:51 Economic Implications of Oil Markets 48:48 Straight of Hormuz 55:30 Future Oil Price Action 1:03:53 Steelmanning the Market Reaction 1:13:23 When will the Straight Open? 1:21:57 Is the USA Winning? 1:27:49 Pressuring Iran 1:31:48 Signals to Watch 1:33:36 Fast Forward to 2050 1:38:38 Closing & Disclaimers ------ RESOURCES Rory Johnston Commodity Context ------ Not financial or tax advice. See our investment disclosures here:

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$200 Oil by June?—The Biggest Oil Shock in History Rory Johnston on The Hormuz Crisis is an episode from Bankless by Bankless.

This episode is 129:42 long.

This episode was published on Apr 29, 2026.

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