The Iran conflict marks the biggest oil disruption in history, with no capacity cushion

Core Insights - The disruption caused by "Gulf War III" is reported to be 20%, which is more than double the previous record of disruption set in 1956-57 [1] Industry Impact - The current disruption level of 20% indicates significant volatility in the energy sector, suggesting potential supply chain challenges and price fluctuations [1] - Historical context shows that the previous record disruption was significantly lower, highlighting the unprecedented nature of the current situation [1]