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Oil prices Monday?
Posted on 2/28/26 at 7:50 am
Posted on 2/28/26 at 7:50 am
Kickoff in the ME used to mean giant spikes pre-shale. I predict a big rise but something more like 10-15% vs the 30-40% I’d have expected had this happened in 2010.
I don’t think Iran’s navy is capable of maintaining any meaningful closure of the Strait of Hormuz with the US fleet chilling nearby.
I don’t think Iran’s navy is capable of maintaining any meaningful closure of the Strait of Hormuz with the US fleet chilling nearby.
2
Posted on 2/28/26 at 8:07 am to PenguinNinja
Strikes last time I thought increased prices by about 7-10%. Iran exclusively was shipping their oil to China for a discount due to sanctions
Posted on 2/28/26 at 9:15 am to UltimaParadox
Hopefully Iran takes back it's own country and we can step back. No need for O&G super increasement. Stay around $70 per bbl and we're good.
Posted on 2/28/26 at 9:29 am to Potchafa
Why the downvote?
Are you reading an opinion or preference into my question?
Are you reading an opinion or preference into my question?
Posted on 2/28/26 at 9:38 am to PenguinNinja
I didn't down vote. Just replied.
Posted on 3/1/26 at 7:53 pm to Potchafa
Looks like we are up about 8%
Posted on 3/1/26 at 11:30 pm to UltimaParadox
The market did fine when oil was 100+. 70-75 should still be irrelevant.
Posted on 3/2/26 at 3:53 am to UltimaParadox
Venture Global is up 8% pre market as well to $10.50
Posted on 3/2/26 at 6:14 pm to PenguinNinja
I don’t think Iran’s navy is capable of maintaining any meaningful closure of the Strait of Hormuz
Probably true enough though small fast boats can damage big slow tankers.
Last I read at least 150 tankers have dropped anchor in open water waiting to enter the Gulf of Aden and perhaps a few dozen loaded ones are waiting in the Gulf until it is safe to sail.
I think land-based missiles are the real threat to tanker traffic.
Probably true enough though small fast boats can damage big slow tankers.
Last I read at least 150 tankers have dropped anchor in open water waiting to enter the Gulf of Aden and perhaps a few dozen loaded ones are waiting in the Gulf until it is safe to sail.
I think land-based missiles are the real threat to tanker traffic.
Posted on 3/2/26 at 8:03 pm to JacieNY
quote:
I think land-based missiles are the real threat to tanker traffic.
Plus mines. They've done that before.
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