or every Oil producer in the region could attack Iran
Good news for U.S. oil exports, and likely U.S. domestic prices will not have to rise that high.
But Trump could make a temporary huge release of domestic oil stockpile for domestic consumption only; just until our military takes out the Iranian military’s interference in the straight of Hormuz.
The mullahs are holding onto their power by their fingernails. They are not getting pallets of US dollars anymore, and their economy is in trouble. How would they block Hormuz without getting humiliated?
Probably the most pointless clickbait of the day.
Do it Iran, I would rather by American oil and gas and watch my country grow more prosperous.
Calling dibs on any Persian Bass Boats that survive an encounter with US Navy.
I have not been impressed with oilprice.com.
I do not read them any more.
Trying to crash the market and drive up oil prices.
This is just more nonsense chatter by the traders to scare up the price of oil.
First off, I question if Iran even possesses the capability to close the Strait of Hormuz.
Second, if they did have the capability, which I don’t think they do, the economies of almost every oil producing nation in the region would be so imperiled so as to destabilize each of those countries politically. Do you think the Sauds or anyone else in the region would go quietly in the night? Pffft...
But again, in my view, these types of articles are intentionally floated for purposes of ratcheting up the price of oil, either on the trader’s behalf, or on behalf of Russia, the Sauds, or whichever other oil country needs more lucre for their failed political system and to keep the peasants happy.
It would hurt Iran most of all. They’ll make some noise though.
That’s why we have oil company stocks.
BOO!!
Did I scare you?
Yes?
Good, now follow my instructions...............
If Iran did that they would be cutting their own throats.....................
Does anyone in there right mind think the US would let that happen? I do not think so!
The Iranians tried laying mines in the 80s and Ronaldus Magnus and our navy kicked their butts.
Trump would then rightly be able to open up all US reserves for production setting the goal to become net exporters of oil. hint, this would hurt Canada more than OPEC)
Stop trying to scare me about the price of oil. They tried to blame the YEARLY, regular, normal price rise of late April/early May on Trump, and it won’t work here either.
If it goes up somewhat, it becomes profitable to take oil out of some wells which were not profitable at the old price of oil. This exerts a downward pressure on prices, so they tend not to go up OUT OF CONTROL, as the a$$HOLE author of the article wants us to believe.
RT is Russia Today.
Trying to fool me is rarely successful.
“if Iran goes through with its threat to close the Strait of Hormuz”
isn’t that what we have a navy for?
Sure. If something that isn’t going to happen for more than a few hours happens for months...it could happen.