Until Iran gets hit and starts a Persian Gulf tanker war, or until Iran decides to jump in if they think Gaza is getting hit too hard.
Lost of ways Iran could screw it up and make the straits of Hormuz suck for tankers.
Then there would be a price spike. Especially since President retard drained the Strategic Petroleum Oil Reserve.
analysts can “say” all they want, but SHEL has gone up by over 6% since the mideast war started ...
“Famous Last Words”
Biden greenlighted Iran oil exports...
Biden greenlighted Iran oil exports to China... and because Iran wants the US to elect a Democrat, they are going to put as mugh oil as possible on the market for China, etc to buy, keeping prices down.
Mwdia’s experts are wrong about 99% of the time, so I anticipate gas prices to go up
As OPEC and Russia cut 1.5m bpd to years end. Gotcha.
Oh, okay, because Israel and surrounding countries aren't major oil producers, prices won't rise. Are you out of your ever-lovin' mind? What do you think Saudi Arabia, Qatar, Iran, et. al. will do as follow-on action? What is different now than in 1973? China/Iran Joe singlehandedly killed our energy independence giving the Islamists leverage they didn't have prior to January 2021. This whole article stinks on ice.
Yeah sure...
“War in Israel looks unlikely to drive up U.S. energy prices, analysts say”
Which means it will.