Bob Elliott
· Nonconsensus
· April 01, 2026 at 10:28
· ⏱ 2 min read
| Read on Substack ↗
Summary
The author highlights a disconnect between volatile political commentary regarding Iran and the hard data on oil supply. Despite shifting rhetoric, data shows the supply squeeze through the Strait of Hormuz persists without improvement.
•Political rhetoric surrounding the US and Iran is highly volatile and can support various narratives.
•Hard data on oil supply through the Strait of Hormuz shows no signs of improvement.
•The underlying supply squeeze in the oil market continues despite the noise from headlines.