Bankless
$200 Oil by June?—The Biggest Oil Shock in History | Rory Johnston on The Hormuz Crisis
Apr 29, 2026
· 2h 9m
Rory Johnston, the “oil quant,” joins us to explain why the Hormuz crisis could become the biggest oil shock in history. Oil markets are already screaming. Supply is trapped, inventories are being drained, and the market may still be underpricing the scale of the disruption. If the Strait stays closed, Rory says the path to $200 oil is no longer crazy. It may be the next stop. This is oil, geopolitics, inflation, and markets all colliding at once. ------ 📣SPOTIFY …
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