Aug 11, 2026 · 44 min · 10 segments
As geopolitical volatility continues to disrupt energy markets and maritime trade routes, global supply chains face prolonged uncertainty. Intermittent closures of the Strait of Hormuz highlight the…
Yeah, and the staying the same part is one of the real problems here, especially if you look at what's happening in Iran.
I heard an oil analyst say last week that basically they're going on the assumption, relying on their models, their forecasting, that they're basically saying, hey, the Strait of Hormuz is closed for the foreseeable future.
And I am honestly shocked that we are into August and we're still talking about the closure of the Strait of Hormuz.
And I think I already talked on a previous episode about how I thought oil was going to spike initially and it didn't and trying to come back down to earth.
But I think it's definitely a little over the top, but there is a kernel of truth to that statement because what I do think is true that two, three years from now, the Strait of Hormuz will be much less important to the global economy than it is today.
And I say that because you already see a massive amount of pipeline building to get around the Strait of Hormuz beginning.
You've got renewable technology out there that wasn't there the last time we had a Middle Eastern energy crisis like this in the 1970s.
And you've got a country in China that has tons of it and wants to dump it everywhere.
So look at, for example, the cities of Pakistan or places in sub-Saharan Africa, or the latest story along these lines are Cuba, which was having power blackouts in part due to the U.S. blockade of Cuba.
The shale revolution in 2008, yes, it made the US a hydrocarbon superpower, but it also opened up other potential avenues in different parts of the world.
The Strait of Hormuz is not going to be closed forever, but I do think that its utility and importance is going to decline.
And maybe in two, three years' time, if it continues to be this volatile, it will become obsolete.
Yeah, and the staying the same part is one of the real problems here, especially if you look at what's happening in Iran.
I heard an oil analyst say last week that basically they're going on the assumption, relying on their models, their forecasting, that they're basically saying, hey, the Strait of Hormuz is closed for the foreseeable future.
And I am honestly shocked that we are into August and we're still talking about the closure of the Strait of Hormuz.
And I think I already talked on a previous episode about how I thought oil was going to spike initially and it didn't and trying to come back down to earth.
But I think it's definitely a little over the top, but there is a kernel of truth to that statement because what I do think is true that two, three years from now, the Strait of Hormuz will be much less important to the global economy than it is today.
And I say that because you already see a massive amount of pipeline building to get around the Strait of Hormuz beginning.
You've got renewable technology out there that wasn't there the last time we had a Middle Eastern energy crisis like this in the 1970s.
And you've got a country in China that has tons of it and wants to dump it everywhere.
So look at, for example, the cities of Pakistan or places in sub-Saharan Africa, or the latest story along these lines are Cuba, which was having power blackouts in part due to the U.S. blockade of Cuba.
The shale revolution in 2008, yes, it made the US a hydrocarbon superpower, but it also opened up other potential avenues in different parts of the world.
The Strait of Hormuz is not going to be closed forever, but I do think that its utility and importance is going to decline.
And maybe in two, three years' time, if it continues to be this volatile, it will become obsolete.
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