Originally Posted by Lowslung

Oil has been marching steadily higher since the war began. The world is only just now beginning to experience the consequences of shutting down the straight. It takes weeks for tankers to cross the ocean. The real question that needs to be answered is; when do prices reverse course? If the straight opens today, it’s months to get ships back into position & we don’t have a ton of information about how much infrastructure has been destroyed or damaged or how long repairs will take. Not sure on what planet oil prices will be $70 by July.