Unless some sort of a miracle happens, the world is facing a severe energy supply crunch in the months ahead. Since the war with Iran began, we have been able to function normally because we had huge inventory buffers that we could rely on.
But now those inventory buffers are nearly gone, the Iranians have been attacking commercial vessels in the Strait of Hormuz, the Houthis are preventing Saudi tankers from getting through the Bab el-Mandeb Strait, and the Ukrainains have been relentlessly attacking Russian refineries. As a result, we are potentially facing a very difficult winter.
Most people do not understand how dire things have become because they are still operating as if there was no energy crisis at all.