JPMorgan's New Hormuz Closure Math: Just 3 Days Until Commodity Chaos

While it is widely understood that a blockade of the Straits of Hormuz is bad for the global economy as it means oil can't reach its intended users, effectively shutting down the demand side as there is no raw product to process, a far more ominous downstream effect of a blockade is what happens on the supply side should global oil transit remain halted .