Event details
The IEA's April Oil Market Report said global oil supply fell sharply in March as attacks on Middle East energy infrastructure and restricted Strait of Hormuz tanker movement produced a historic disruption.
Context
This is the market baseline for every later Hormuz headline. Price moves cannot be read only as diplomacy sentiment; the physical supply and shipping system had already been stressed by March.
- Local time
- Apr 14 2026, 12:00 PM Paris time; source gives date marker, exact hour not specified
- Location
- Global oil market / Strait of Hormuz
- Relationship
- Background