Oil price rise depends on how

Oil price rise depends on how long the current war lasts and the Hormuz strait comes out of conflict. With approximately 20% of global oil passing through this route and nearly 90% fueling Asian economy, all sources point that production or reserves are not the limiting but the shipping is the crucial bottleneck. My guess is oil price may go up above $100 in the short term as no signs of war aggression slowing down.

Would Oil Hit $150 Before Going South?

The conflict between the U.S.-Israeli alliance and Iran has entered a "scorched-earth" phase for energy infrastructure. Following reports of drone strikes on key processing plants in the Northern Gulf, U.S. Natural Gas futures surged 6% to $3.26/MMBTU, while Brent and WTI crude rose again.

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