Energy expert Mehmet Öğütçü argues the world is no longer facing a conventional energy crisis but a systemic rupture. Disruptions in the Strait of Hormuz signal a new era where energy flows—not just prices—are at risk. In this environment, permanently higher oil prices, extreme volatility, and the weaponization of energy are reshaping the global order. … Continue reading New Oil Reality: “The $70 Era Is Over,” Warns Mehmet Öğütçü