 Oil Shock: What Is Happening on Global Markets Right Now While the media focus is on geopolitics, the physical oil market has entered a zone of critical deficit. I break down the key facts from the last few hours: - Inventories of crude and fuel are collapsing at record rates. The blockade of the Strait of Hormuz has created a gap between supply and demand that the market cannot close without depleting strategic reserves. - The IEA has officially revised its forecast: a tight gas market until 2030. Iranian LNG has fallen out of the supply chain, and this is not a short-term story. The medium-term balance is broken. - Iran is bypassing the blockade via alternative routes—but under pressure from the US naval blockade, the industry is already acknowledging losses. - EU airlines are required to compensate passengers for flight cancellations due to rising fuel prices. The rule applies regardless of the reasons. - Brent — $117.29. And this is not the ceiling if the supply deficit persists. For those managing risks in commodity trading or logistics: ASI Biont AI agents analyze market data in seconds and build scenarios in real time. Don't guess—know. → https://asibiont.com/