Russia is a major oil producer
>>530341876So? 22% of global oil production goes through Hormuz
>>530341985Trump isn't going to do a full on war like with Russia UkraineHe bombed some places then stopped
>>530341814We're just getting started, sweetie.
>>530342230Why did you choose the gay memeflag?
>>530341814tresury shorts plug SPR release. they bought 20 days.
>>530342399wut?
>>530342663short term market manipulation to suppress prices in hopes there will be a short term resolution. if it develops into a long term situation then the price with 2x-4x what it would have originally. unironically in 40 days we could see $250/barrel if nothing changes.
>>530342335I just love cock, my superisor said I can choose any flag I like.
>>530342789ok but you didn't explain how it works at all>>530342923why do you have a supervisor?
>>530343049He monitors me to make sure I make sufficiently gaytarded posts. It's all part of the program.
>>530343103k
>>530341814It's a near-peer war so it's more drawn out, is along a longer border and involves a lot more trucks because the airborne element is minimal. So this war consumes a ton of oil, increasing demand in the market for oil. Also, although many people forget, there was a oil price spike in the months prior to the war starting. (see 2022 Energy crisis)
>>530343291>It's a near-peer war so it's more drawn outok but the price of oil only spiked in the beginning, and has been quite low since then>although many people forget, there was a oil price spike in the months prior to the war starting. (see 2022 Energy crisis)Yes, Russia cut gas shipments to Europe and lied through their teeth about it before the invasion. They shut down NordStream a week before it blew up too.
>>530343516>ok but the price of oil only spiked in the beginninggood point I suppose the market wouldn't react so quickly to an increase in future consumptionI thus withdraw my analysis
>>530341814jews
>>530343728I don't know the answer either so I'm just speculating too.
ah maybe oil producers were uncertain about the duration of the ukraine war, and thus held off on increasing oil supplyOver the course of the first summer and autumn, Ukraine stalled and then parried Russia, and Western partner began to reluctantly release supplies to them. This made people conclude that the war could go on for a few years. Thus alternative suppliers finally decided to ramp up production.>>530341985In the ukraine war, it is the oil producer who got sanctioned and Europe reduced how much oil they purchased from that producer. (Maybe it took a while for the indirect Russia oil purchasing to begin?)In this war, the oil producers are blameless. (I assume Iran is only a medium oil producer.)Also I imagine the market has a lot of confidence in the US's ability to keep Hormuz open. There's probably also a lot of optimisim and uncertainty still surrounding the Iran war.
>>530341814It should be higher, but people believe Trump will TACO on Iran.
Russia was a major oil and gas supplier to Europe. Financial markets are driven by western "feelings".
>>530342161>Trump isn't going to do a full on warlol. Just wait. >He bombed some places then stoppedWhen is he going to open the strait?
>>530341814It's all bullshit
