(27 August 2026) It is now 10 pm MST August 27, or, 4 AM GMT, August 27. We have been watching events centered on Iran and its regime, waiting for escalation of what looks to be the Second Signpost.
We have been watching since February 28. The Strait of Hormuz was mostly closed from March 2 to August 23 or so, being about 175 days. The Strait is sporadically open, and is under the control of the Iranian regime.
We can more clearly estimate how much oil was removed from the global energy system with the help of this bar graph available on the US government EIA site.
EIA Estimates of Unplanned Cuts in Oil Production, March to July 2026.
It shows that at any time prior to the war it was typical for 2 million barrels per day production to be offline.
These numbers are production cuts, not necessarily that which could not go through the Strait of Hormuz, though most of the production loss was indeed due to the Iran War. Production losses due to the war started around February 28.
March’s shortage was 10 million barrels per day (bpd), or 300 million barrels total.
April saw 13 million bpd lost, or 390 million barrels.
May saw 14 million bpd lost, or 420 million barrels.
June saw 10 million bpd lost, or 300 million barrels.
Finally, July saw 8 million bpd lost, or 240 million barrels.
The total for the five months comes to 1.65 billion barrels of oil lost.
That amount not only would empty the 1.2 billion barrel inventory globally, but start chipping away at China’s 1.4 billion barrel storage.
Conclusion
This bar graph from the EIA shows more clearly the oil production that was lost. It shows the amount lost by each of the five major Middle East producers: Iran, Iraq, Kuwait, Saudi Arabia, and the UAE. None of this includes the loss of all the liquid natural gas and fertilizers by Qatar.
The world is indeed scraping the bottom of its stored oil (except for China).
Keep watch.
Categories: In The News, Signpost #2: Iran, World in the End Times
THE FOUR SIGNPOSTS 
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