Oil will be high for a while

[blockman]

Recently US-Iran negotiation seems to be a failure as well. Seems like the strait is about the be closed until unforeseeable future.

No one knows when their negotiations are going to happen again. The Strait is closed immediately when they didn't had an agreement. They want to prolong this war, they want to make the inflation higher but when people just get used to this, life continues and goes on. But the price of everything is already priced in and will become more expensive. 1-3 jobs won't be enough to survive and the hardworking won't be able to afford an apartment and the rent. I wish that the leaders on top of this war will see the commoners suffer with their conflict.

[Smack That Ace]

Recently US-Iran negotiation seems to be a failure as well. Seems like the strait is about the be closed until unforeseeable future.

No one knows when their negotiations are going to happen again. The Strait is closed immediately when they didn't had an agreement. They want to prolong this war, they want to make the inflation higher but when people just get used to this, life continues and goes on. But the price of everything is already priced in and will become more expensive. 1-3 jobs won't be enough to survive and the hardworking won't be able to afford an apartment and the rent. I wish that the leaders on top of this war will see the commoners suffer with their conflict.

Who want this war to drag on? Who want inflation to rise? I do not think anyone wants this war to happen, including Iran, because their country is being devastated by it. Only the United States wanted this, and they were the ones who started the war.

They do not care about the world or anyone else, only their own interest. Because if they truly cared about the world, this war would not have happened. Therefore, do not expect them to stop the war just because the whole world is suffering the consequences.

[bitLeap]

Who want this war to drag on? Who want inflation to rise? I do not think anyone wants this war to happen, including Iran, because their country is being devastated by it. Only the United States wanted this, and they were the ones who started the war.

They do not care about the world or anyone else, only their own interest. Because if they truly cared about the world, this war would not have happened. Therefore, do not expect them to stop the war just because the whole world is suffering the consequences.

US started the war using the old pattern, starting a conflict after achieving their goal of eliminating the Iranian leader, then the US suddenly talks about peace. Isn't that ridiculous? Iran clearly doesn't want to, and they have the right to retaliate. Iran's retaliation is quite strategic, far from mere military confrontation. They closed the Strait of Hormuz, a vital global energy route, to deal a devastating blow to the world and to countries that remained silent, or those that supported US aggression, and then made concessions to those countries concerned about the situation in Iran. All countries in the world face the consequences of their respective positions, and that's quite commensurate.

[Iamgoat]

US started the war using the old pattern, starting a conflict after achieving their goal of eliminating the Iranian leader, then the US suddenly talks about peace. Isn't that ridiculous? Iran clearly doesn't want to, and they have the right to retaliate. Iran's retaliation is quite strategic, far from mere military confrontation. They closed the Strait of Hormuz, a vital global energy route, to deal a devastating blow to the world and to countries that remained silent, or those that supported US aggression, and then made concessions to those countries concerned about the situation in Iran. All countries in the world face the consequences of their respective positions, and that's quite commensurate.

I won’t support US on this one because they are the country which started the wars for hypocritical reasons and it is reason why they’re currently unstable with the Iranians who proved stubborn by now is something which took US by surprise. I’m still thinking whether trump thought they were only joking of such spiteful behavior or they had thought Iran would give up easily and accept defeat ones they get their puppets install after killing the supreme leader but none of those plans worked.

[Cointxz]

I won’t support US on this one because they are the country which started the wars for hypocritical reasons and it is reason why they’re currently unstable with the Iranians who proved stubborn by now is something which took US by surprise. I’m still thinking whether trump thought they were only joking of such spiteful behavior or they had thought Iran would give up easily and accept defeat ones they get their puppets install after killing the supreme leader but none of those plans worked.

It’s not about who to support rather how to stop the war without prolonging the agony internationally because many country is suffering. I don’t support both US and Iran because both of them has mistake on this conflict.

US just make the biggest mistake by resorting to force rather than solving the issue through diplomacy.

My country is now suffering with very high oil price that cause only limited public transportation now and very high utility bills due to this stupid war. I support the fastest way to resolve this conflict and it’s not through force.

[CageMabok]

...

I won’t support US on this one because they are the country which started the wars for hypocritical reasons and it is reason why they’re currently unstable with the Iranians who proved stubborn by now is something which took US by surprise. I’m still thinking whether trump thought they were only joking of such spiteful behavior or they had thought Iran would give up easily and accept defeat ones they get their puppets install after killing the supreme leader but none of those plans worked.

The US has found a truly worthy and stubborn opponent because Iran is unlike any other country, which has left the US feeling overwhelmed and confused in dealing with a country like Iran. And despite all that, the US will still find a way to avoid the embarrassment of losing to a country like Iran. If the US truly loses to Iran, countries like Russia and China will laugh secretly. Now, tensions in the Persian Gulf continue because Iran is literally not allowing warships to pass through the strait.

[BALIK]

Now, tensions in the Persian Gulf continue because Iran is literally not allowing warships to pass through the strait.

The United States not only initiated the war but it is now also trying to apply maximum pressure on Iran in order to force them into an agreement that benefits. It is the United States, not Iran, that is creating even greater tension in the Persian Gulf by blockading the entire Strait of Hormoz.

Today, they deployed more than 15 warships to blockade Iranian ports and oil tankers, as well as those that had paid Iran for permission to pass through. This has made the situation more tense and oil prices have surged back above $100.


https://www.cbsnews.com/news/trump-strait-of-hormuz-blockade-iran/
https://www.wsj.com/livecoverage/iran-us-cease-fire-talks-stalled-2026

[blockman]

Recently US-Iran negotiation seems to be a failure as well. Seems like the strait is about the be closed until unforeseeable future.

No one knows when their negotiations are going to happen again. The Strait is closed immediately when they didn't had an agreement. They want to prolong this war, they want to make the inflation higher but when people just get used to this, life continues and goes on. But the price of everything is already priced in and will become more expensive. 1-3 jobs won't be enough to survive and the hardworking won't be able to afford an apartment and the rent. I wish that the leaders on top of this war will see the commoners suffer with their conflict.

Who want this war to drag on? Who want inflation to rise? I do not think anyone wants this war to happen, including Iran, because their country is being devastated by it. Only the United States wanted this, and they were the ones who started the war.

They do not care about the world or anyone else, only their own interest. Because if they truly cared about the world, this war would not have happened. Therefore, do not expect them to stop the war just because the whole world is suffering the consequences.

That's an open book secret. They're always engaged in war and that's because there's money in it. They say that they're for peace but they're triggering these countries for their own sake. It's true that this war shouldn't happened at all if they haven't meddled with the business there in the Middle East. Allies are there for them but they have also been attacked due to being used as proxy for this war. Everyone is a loser on this war, even people from far away due to this inflation. But I feel more sympathy to the lives that were gone due to this war.

[fuguebtc]

It’s not about who to support rather how to stop the war without prolonging the agony internationally because many country is suffering. I don’t support both US and Iran because both of them has mistake on this conflict.

US just make the biggest mistake by resorting to force rather than solving the issue through diplomacy.

My country is now suffering with very high oil price that cause only limited public transportation now and very high utility bills due to this stupid war. I support the fastest way to resolve this conflict and it’s not through force.

Can you tell me what mistake Iran made? What have they done to threaten the United States and the world?

I'm asking this not because I support Iran, but because I support what is right. Because we keep complaining about what we are going through, but we forget one thing. Iran was the hardest hit country in this war, with thousands killed and the country devastated by American bombs and shelling. Although they had never previously harmed or threatened the United States or us in any way.


They never did anything that threatened the world, they did not deserve to go through such terrible thing. The United States bears full responsibility for what the world is experiencing.

[bakasabo]

Can you tell me what mistake Iran made? What have they done to threaten the United States and the world?

I'm asking this not because I support Iran, but because I support what is right. Because we keep complaining about what we are going through, but we forget one thing. Iran was the hardest hit country in this war, with thousands killed and the country devastated by American bombs and shelling. Although they had never previously harmed or threatened the United States or us in any way.


They never did anything that threatened the world, they did not deserve to go through such terrible thing. The United States bears full responsibility for what the world is experiencing.

My two cents - as soon as any country starts to nucleosynthesis, even for civilian purpose or to produce energy, immediately everyone in the world becomes worried and suspicious. Because from creating nuclear power to supply powerplants to creating nuclear weapon there is one tiny step. A new player in nuclear energy market endangers monopoly. Imo it is not that Iran has made a mistake, they only have joined dangerous game to play where new players arent welcomed.

[Minor Miner]

My two cents - as soon as any country starts to nucleosynthesis, even for civilian purpose or to produce energy, immediately everyone in the world becomes worried and suspicious. Because from creating nuclear power to supply powerplants to creating nuclear weapon there is one tiny step. A new player in nuclear energy market endangers monopoly. Imo it is not that Iran has made a mistake, they only have joined dangerous game to play where new players arent welcomed.

Nuclear weapons, and were they the real cause of this war? Because, as far as I know, the US has accused Iran of seeking to acquire nuclear weapons since 2002. But more than 24 years have passed and they still haven't acquired any weapons.

Furthermore, if that is indeed the reason, it can certainly be resolved through negotiation and agreement. In my opinion, this war happened for deeper reasons, and the United States wanted and needed this war to happen. Because the petrodollar empire was weakening and threatened by rivals.

Why Venezuela first, and now Iran? Both countries are using the yuan instead of USD in oil transactions.

[Ab de villiers]

Furthermore, if that is indeed the reason, it can certainly be resolved through negotiation and agreement. In my opinion, this war happened for deeper reasons, and the United States wanted and needed this war to happen. Because the petrodollar empire was weakening and threatened by rivals.

Why Venezuela first, and now Iran? Both countries are using the yuan instead of USD in oil transactions.

That could be type of threat for others who are thinking about using an alternate currency against dollar. U.S never ever want to think about the weakening of dollars or for protecting the economy so yes he will use all the methods that he can.
When Iran closed the strait of Hormuz then they were doing trade on 2 ways of transaction. Some transaction carried out in terms of bartert system or  other method is through Yaun.  Other country also support this act of Iran or they already have interest in currency of Yaun. So be ready for the new increase prices of oil because conflicts are not moving towards end. U.S will not sit quietly until it is not gain its certain aims or goals.

[batang_bitcoin]

In my opinion, this war happened for deeper reasons, and the United States wanted and needed this war to happen. Because the petrodollar empire was weakening and threatened by rivals.

Why Venezuela first, and now Iran? Both countries are using the yuan instead of USD in oil transactions.

Aside from the petrodollar, the actual oil that they can get from Iran is so much. That's why it all ends up with the money, the business and also the value of their currency. It's no doubt that USA is threatened by its economic competitor which is China and so it did targeted its ally which is rich in oil and as well as have been receiving payments for their oil with chinese yuan. I wonder when the USA will announce that it will supply the world with its oil that shall be paid in US dollars if the tension in the Hormuz continues and doesn't show a sign of ending.

[STT]

Im not sure USA can makeup for a shortfall of oil in that region without totally forsaking any usage of oil itself.  The US might have increased production but its also one of the world largest consumers.    Its not impossible but not an immediate thing imo, for example US has so much spare LNG or similar gas production capacity it could switch all oil usage over to gas and still not run out for 70 years.
  That potential has been known for a decade at least but its not been built that way, it would take some time so thats at least a year of oil troubles even in a perfect scenario.

[Fredomago]

In my opinion, this war happened for deeper reasons, and the United States wanted and needed this war to happen. Because the petrodollar empire was weakening and threatened by rivals.

Why Venezuela first, and now Iran? Both countries are using the yuan instead of USD in oil transactions.

Aside from the petrodollar, the actual oil that they can get from Iran is so much. That's why it all ends up with the money, the business and also the value of their currency. It's no doubt that USA is threatened by its economic competitor which is China and so it did targeted its ally which is rich in oil and as well as have been receiving payments for their oil with chinese yuan. I wonder when the USA will announce that it will supply the world with its oil that shall be paid in US dollars if the tension in the Hormuz continues and doesn't show a sign of ending.

More on the business side and nothing about the real essence of suppose war, similar to what the post above you competitors is taking the advantage and US doesnt want that, they always wanted to be at the top, with this action they'll be able to prevent China to go closer to them, they need to secure their supremecy that's why this war will be a long one depending to how Iran will surrender and be controllable again as usual.,before this war happen.

[Abdulzuruku01]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

That's right, the oil price is not going to come down easily again, and this is big opportunity for those that benefit from hike in oil price. In some regions many politicians and other beneficiaries are secretly supporting that fuel price should continue rising and that is why even when war stops and everything becomes normal, still it's will be very hard for it price to return to normal.

In addition, we can not predict when this war will stop, as a result of that, affected region may face oil shortage for long time because of how this war keep escalating every blessed day because they haven't reach permanent negotiation up till now.

[fillippone]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

That's right, the oil price is not going to come down easily again, and this is big opportunity for those that benefit from hike in oil price. In some regions many politicians and other beneficiaries are secretly supporting that fuel price should continue rising and that is why even when war stops and everything becomes normal, still it's will be very hard for it price to return to normal.

In addition, we can not predict when this war will stop, as a result of that, affected region may face oil shortage for long time because of how this war keep escalating every blessed day because they haven't reach permanent negotiation up till now.

It's not about the companies, it's about the re.
Damage to the oil infrastructure has been extensive, and it will take years to repair. In the menatime the price of oil will surely be elevated, at least in some specific regions, as Europe, for sure, that relies on Arab and... drumroll... Russian Oil.

[Youngrebel]

That's right, the oil price is not going to come down easily again, and this is big opportunity for those that benefit from hike in oil price. In some regions many politicians and other beneficiaries are secretly supporting that fuel price should continue rising and that is why even when war stops and everything becomes normal, still it's will be very hard for it price to return to normal.

In addition, we can not predict when this war will stop, as a result of that, affected region may face oil shortage for long time because of how this war keep escalating every blessed day because they haven't reach permanent negotiation up till now.

First, oil prices are shaped by a lot more than just war. Yes, conflicts like the Russia Ukraine War have disrupted supply and created uncertainty, but prices also respond to global demand, production decisions, and economic slowdowns. For example, organizations like OPEC can increase or cut supply, and that alone can move prices significantly regardless of war.

[STT]

Oil price is also a reflection of the global economy I think.  If we do have a recession especially in more then one major country it can easily lead to a lower price for lack of demand.   However imo the basis is towards growth but that constant narrative is also disrupted by wars and politics.

Commodities arent simple and the suppy and demand is what determines price.    I dont think its moving fast enough but renewables are a factor in reducing demand and increasing the energy supply; that wont be enough just now but its a genuine long term effect that will only increase imo.

[Byebyebtc]

How long do you think it will take for everything to be normal?

Imo, this will depend on the scale of the war, its duration, and the consequences it causes.

If the war spread and draws many countries into it, or if it lasts for many year and the Hormuz sea route is blockaded for an extended period. Worse still, oil production facilities in the Middle East were largely destroyed. If that happen, it could take a decade for the economy to return to normal. Conversely, if the war had ended sooner, thing would have recovered more quickly.

It will be the worse if this war escalate,
I can only imagine what will become of the victims that will suffer, as a matter of fact it will affect every one, because oil is a global resources that is needed for daily life

If this war escalates to more distroying and demolishing, to the extent of affecting oil production facilities, we are definitely cooked, I can only hope that it doesn't escalates more than this, I hope something can stop it even if it is as little as the world cup that will take place this year.