For the medium term due to this war?Iran has said it will open the straight to ships as long as the coordinated with the Iranian army, oil was forecast to be trading at 50-60 this year could 60-70 due to this geopolitical risk be more realistic?
go back to /pol/ you stupid socialist pedophile dogfucker
It will most definitely but not only because of a risk premium but because reserves were depleted and there are still many backorders.
>>62089873That is a good point, but geopolitical risk has really not been factored into the pricing of assets and commodities since the end of the cold war i just wonder if this will start to reset a old precedent
>>62089892>geopolitical risk has really not been factored into the pricing of assets and commoditiesFor oil it absolutely has with risk pricing mostly being related to Russia/Ukraine war, Iran and until recently Venezuela. Also Houthi attacks on shipping in the red sea. I expect a $5 - $10 premium at least until year end.
$120 by this time next month lil nigga
read thesehttps://www.hfir.com/p/public-the-us-and-iran-ceasefirehttps://www.garrettsignal.com/p/the-world-only-lost-20-of-its-oil?utm_source=app-post-stats-page&r=c3gqe&utm_medium=ios&triedRedirect=true&_src_ref=t.co
>>62090680>>62090674Brilliant articles thank you
straights closed????
