Oil Shock Amnesia The last 50% oil shock triggered steep losses across pretty much every financial asset over the course of ‘22, while investors today expect little impact from sharply higher energy prices ahead.

For folks waking up on the other side of the world, swinging by @cnbci just after the top of the hour. Check it out!

G7 idea to release 300-400mln bbl would plug the gap of about 15-20 days of Persian Gulf supply constraint. After that Hormuz will need to be open to keep oil price rises in check.