An Iranian blockade, or an attempt at such, of the narrow strait between Oman and Iran connecting the Persian Gulf with the Gulf of Oman and the Arabian Sea could easily send oil prices soaring above $100 per barrel and reaching all-time highs, analysts say.
Tonyco
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Nahhh. The oil market hasn't adjusted to the accelerating decline in demand. Why you think OPEC extended cuts? Supply is flooding in and growing every year. The days of expensive oil are gone.
Tonyco : Nahhh. The oil market hasn't adjusted to the accelerating decline in demand. Why you think OPEC extended cuts? Supply is flooding in and growing every year. The days of expensive oil are gone.
Tonyco Tonyco : If you need more proof, look at where oil nations are spending their money. It isn't more oil fields lol.
73855414 Tonyco : you may want to start to study market cycles. 150 dollar oil is on its way.
johnwesleyc 73855414 : But there will never be another crash! AI bull run is invincible!
102068950 : This share price company no share buy back. I know why hope u know why
bullrider_21 : Iran just fired missiles into Israel. Can't move oil price much. The adoption of EVs also lowers demand for oil.