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One is a statute. The other is a drought building in the Pacific.

One set by Washington, the other enforced by Beijing.

Storage fell to its lowest level since records began.

Surplus turned to deficit without a single demand surge.

A chemical byproduct is holding the whole system hostage.

Farmers sell below cost while buyers can't find a single cargo.

A 12-year production backlog sealed the door shut.

Millions of acres went under-nourished before anyone noticed.

Pipelines can reroute crude. Nothing reroutes diesel.

Saudi Arabia and the UAE answered this question decades ago.

Fujairah was supposed to be safe, but the missiles followed.

The world is burning through stockpiles to fill the gap.