50 Day Disaster - Joe Blogs

[TexasTowelie]

For the past 50 days, the price of Brent crude oil has remained above $90 per barrel — and history shows that doesn’t happen very often.

In this video, we break down what’s really driving oil prices higher, why this is not a demand story, and what it means for the global economy.

Unlike previous cycles, oil started 2026 at around $60 per barrel, so this surge has been driven by supply disruption, particularly through key global routes such as the Strait of Hormuz.

We then look back at the last time oil stayed this high — following the Russian invasion of Ukraine — and compare it to earlier periods like the Arab Spring, the Global Financial Crisis, and even the 1973 oil crisis.

So what does history tell us?

High oil prices don’t always cause recessions… but they almost always create economic pressure.

With oil now elevated for an extended period, the key question is no longer how high prices go — but how long they stay there.

Because the longer this continues, the greater the risk of:

• Slower global growth
• Persistent inflation
• Higher interest rates
• And potentially recession in the most exposed economies

This is not a story about the past.

This is happening right now.

And the implications could shape the global economy for the rest of 2026.