The U.S.-Iran war is the biggest oil supply disruption in history

The biggest disruption prior to the current war was during the Suez Crisis of 1956 when Britain, France and Israel invaded Egypt's Sinai Peninsula, the energy consulting firm told clients in a Sunday note. In that crisis, about 10% of the world's oil supply at the time was disrupted.About 20% of the world's oil supply has been disrupted for nine days now as tanker traffic through the Strait of Hormuz remains at a standstill. Crude prices have surged above $100 per barrel in response.The U.S. war against Ira ...