$50 billion oil loss in 50 days: Iran war delivers biggest supply shock in decades

April 20th 2026
Although there are early signs of de-escalation — including a ceasefire agreement and the reopening of the Strait of Hormuz — a full recovery remains distant.- Cheiron Appoints David Chi as New CEO
- More than 20 vessels pass Strait of Hormuz on Saturday, Kpler data shows
- Nigerian airlines threaten to halt flights over soaring jet fuel prices
- California gasoline stocks fall to record lows as Hormuz disruption bites
- The Iran war has shattered oil's price compass
- Williams Breaks Ground on NESE Pipeline Expansion to Boost Gas Supply
- TotalEnergies Expects Q1 Earnings Surge Despite Iran Disruptions
- Trump issues several pipeline permits for US-Canada oil transportation
- Mexico presents plans to exploit natural gas reserves through fracking


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