Oil market news: 50 days of the Iran war knocked 500 million barrels of crude out of global markets. The Silicon Review reports on the $50 billion loss as the Strait of Hormuz reopens but recovery may take years. The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago, according to analysts and Reuters calculations, marking the largest energy supply disruption in modern history. Since the crisis began at the end of February, more than 500 million barrels of crude and condensate have been knocked out of the global market, according to Kpler data. With crude prices averaging around $100 a barrel since the conflict started, those missing volumes represent roughly $50 billion in lost revenues, said Johannes Rauball, a senior crude analyst at Kpler . To put 500 million barrels in perspective, Iain Mowat, principal analyst at Wood Mackenzie, said the lost oil is equivalent to curtailing aviation demand globally for 10 weeks, no road travel by any vehicle worldwide for 11 days, or no oil for the global economy for five days. It is also equal to nearly a month of oil demand in the United States, more than a month...