Art Berman: The Oil Crisis Is Moving Slower Than You Think… Until It Isn’t

Step 3 Long YouTube Package Main Channel Or NRS World Recorded on June 9 2026 at NRS Studios Art Berman joins Andy Millette to break down why the Strait of Hormuz oil disruption is not just an oil inventory story, but a logistics and confidence crisis moving through the global energy system. Art explains why the market has adapted through bypass pipelines, inventory drawdowns, China demand reductions, and demand destruction, but argues those fixes have limits. The conversation covers why reopening Hormuz would not act like a light switch, why tanker owners, insurers, crews, production shut-ins, and refinery constraints could keep…