Mar. 11 at 2:21 PM
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$GOOGL Countries are releasing strategic oil reserves for short‑term relief, but the Iran conflict is now at a point where real negotiation seems unlikely. Iran threatens to attack shipping in the Strait of Hormuz — a chokepoint that carries about 20% of global oil and has warned crude could hit
$200 per barrel if tensions continue.
Reuters
You don’t need a navy to disrupt tanker traffic: even a small boat with a bazooka can threaten ships and scare insurers off the route. With these asymmetric threats and regional hostility, energy markets are pricing in persistent risk. As long as attacks and threats continue, oil prices are likely to stay very high.
Reuters
