“Hormuz Is Gone” — The Oil Shock That Changes Everything

World renowned energy expert Art Berman says the world is facing a far bigger oil shock than markets — or politicians — are admitting.

In this explosive conversation with Maggie Lake, Berman argues that the idea of U.S. “energy independence” is dangerously misleading, that America still relies heavily on imported oil, and that the disruption around the Strait of Hormuz could permanently reshape global energy flows.

He warns that the oil market is entering a structurally tighter era, with higher prices, greater supply-chain fragility, and major consequences for the global economy.

For investors, Berman says the key is to stop trading off comforting narratives — and start looking clearly at the map.