☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 7 days agoIran's revolutionary guards tell ships passage through Strait of Hormuz 'not allowed'www.reuters.comexternal-linkmessage-square12fedilinkarrow-up167arrow-down10
arrow-up167arrow-down1external-linkIran's revolutionary guards tell ships passage through Strait of Hormuz 'not allowed'www.reuters.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 7 days agomessage-square12fedilink
minus-squareCanadaPlus@lemmy.sdf.orglinkfedilinkarrow-up8·edit-27 days agoI’ll be watching oil prices like a hawk. I hear there’s a glut, and this possibility will have been priced in already a bit, but it’s going to go up.
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mlOPlinkfedilinkarrow-up6·7 days agoThe oil glut people were talking about never actually materialized, and prices will almost certainly go through the roof with the main shipping route being closed.
minus-squareCanadaPlus@lemmy.sdf.orglinkfedilinkarrow-up1·edit-25 days agoThere’s a whole bunch of other articles still talking about it, so that’s interesting. I might have to look deeper into it. If the price makers behind the glut are under military siege or have their equipment blown up it’s academic, though.
I’ll be watching oil prices like a hawk. I hear there’s a glut, and this possibility will have been priced in already a bit, but it’s going to go up.
The oil glut people were talking about never actually materialized, and prices will almost certainly go through the roof with the main shipping route being closed.
There’s a whole bunch of other articles still talking about it, so that’s interesting. I might have to look deeper into it.
If the price makers behind the glut are under military siege or have their equipment blown up it’s academic, though.