Thread: Oil prices
View Single Post
Old 03-09-2026 | 06:53 AM
  #11  
iaflyer's Avatar
iaflyer
seeing the country...
15 Years
Gets Weekends Off
 
Joined: Oct 2006
Posts: 4,020
Likes: 43
From: 73N A
Default

Originally Posted by SVCTA
Anyhow, lots to discuss on that topic, but I just don't see this one lasting too long. Especially as it relates to energy costs.
I like your optimism, but oil prices tend to rise quickly but go down slowly. Iran only pumps ~4% of the world oil supply, but here we are with oil basically tripling. All they need to do is send a few drones to hit ships in the Strait every week or so and that will stop the traffic or raise the risk premium making it expensive to ship through there. Doesn't take much to launch a drone from what I gather.