The ongoing conflict in Iran has significantly disrupted the global oil supply chain, with the International Energy Agency (IEA) warning of unprecedented drops in oil inventories and potential price spikes. As tankers are halted in the strategic Strait of Hormuz, analysts are predicting oil prices may remain above $100, with fears of a full-blown catastrophe within a month. Major oil executives, including those from Chevron and Shell, report that shortages are emerging, and emergency stockpiles are depleting at alarming rates. The situation has transformed energy security into a pressing boardroom issue, prompting revisions in future supply forecasts and raising concerns about global economic ramifications.