Oil Shock Escalates as Strait of Hormuz Closure Fuels Global Energy Crisis

The Financial Exchange Show · Mar 13, 2026 · 38m · transcript

Chuck Zodda and Mike Armstrong break down what may already be the largest energy shock in modern history, as the Strait of Hormuz remains effectively blocked and oil markets begin pricing in prolonged disruption.

With roughly 20 million barrels per day normally flowing through the region, traders are now factoring in sustained supply shortages, rising long-term crude contracts, and mounting global deficits.

Chuck and Mike explain:

• Why futures markets suggest higher oil prices for longer• The growing global supply shortfall — and what SPR releases can (and can’t) fix

• How Southeast Asia…