Crisis in Strait of Hormuz will not be last of its kind: Singapore Energy Minister Tan warns of energy supply risks

After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Apr 9, 2026Market Talk | Volatility Returns As Energy Markets Grapple With Strait Of Hormuz Shutdown-2.9%
• Apr 5, 2026Arab News | OPEC+ agrees modest output increase amid Strait of Hormuz crisis-9.7%
• Dec 1, 2018Oman Oil Minister: Majority of OPEC and its Allies Support Cut+6.0%
• Apr 29, 2026Reuters reports the UAE plans to exit OPEC on 1 May, highlighting Gulf rifts amid Iran-war energy crisis - VT Markets-1.9%
• Mar 4, 2026Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows | Reuters+7.9%

After 626 past bullish geopolitics events, WTI moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Apr 9, 2026Market Talk | Volatility Returns As Energy Markets Grapple With Strait Of Hormuz Shutdown-3.3%
• Apr 5, 2026Arab News | OPEC+ agrees modest output increase amid Strait of Hormuz crisis-13.2%
• Dec 1, 2018Oman Oil Minister: Majority of OPEC and its Allies Support Cut+3.7%
• Apr 29, 2026Reuters reports the UAE plans to exit OPEC on 1 May, highlighting Gulf rifts amid Iran-war energy crisis - VT Markets+2.2%
• Mar 4, 2026Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows | Reuters+12.2%

After 250 past bullish geopolitics events, DIESEL moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.

• Apr 9, 2026Market Talk | Volatility Returns As Energy Markets Grapple With Strait Of Hormuz Shutdown-2.5%
• Apr 5, 2026Arab News | OPEC+ agrees modest output increase amid Strait of Hormuz crisis-15.0%
• Aug 19, 2026Diesel in California hits $7 as wars in Europe, Middle East strain supply-6.3%
• Jan 31, 2023US Diesel Supply Risks in the Era of Energy Security and Transition - Center on Global Energy Policy at Columbia University SIPA | CGEP %-10.4%
• Mar 4, 2026Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows | Reuters+6.1%