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Author Topic: Oil will be high for a while  (Read 2002 times)
tottong
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June 16, 2026, 09:42:10 AM
 #241

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 why war has a major impact on everything it affects, and post-war recovery won't be as quick as the normalization of rising prices, like oil.
Companies will now struggle to maintain stability and will attempt to raise product prices to avoid losses caused by rising raw material prices. The impact is not only on the companies themselves, but also on society, which ultimately suffers.
It will take time to recover because the impact of the current economic conditions will continue to spread to all other sectors, and even if the war ends, this cannot be reversed quickly.
Many companies have finally stopped operating for certain reasons, so what will happen to workers who are laid off because we will see more unemployment in the future.
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June 16, 2026, 10:04:19 AM
 #242

Markets will evaluate the implementation of the agreements. This isn't a final agreement, it's just a memorandum, a so-called roadmap, but let's call it a path to peace. Oil prices fell sharply after this news, but they actually remain quite high. By the close of the US stock market session, WTI was trading at the upper limit of its intraday range. And it must be said that oil prices are still 20% above their pre-war level. The price of 2026 Brent crude fell below $80.

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June 18, 2026, 08:32:53 PM
 #243

To an extent I support that if care is not taking with the recent out break of war which have drop the pice pumps drastically. Oil currently is the major source of business transportation and exchange use now, mostly for countries that don't have oil much on there soil and wants to trasact some of there products in exchange of oil. The impact of war on a counties economy can't be over emphasis, because it leaves marks and signs In the cost of time.
In our country, oil prices have started to rise this month, and this has become a very heavy burden for everyone, especially those with multiple vehicles at home. I also don't want to see the war continue, as it could have even more negative effects on the economy and other sectors. Therefore, I hope to avoid war in oil-producing countries so that oil imports can continue smoothly, and non-oil-producing countries can use oil at a more affordable price. The effects of high oil prices can also spread to other goods due to the increased transportation and production costs of all goods.

Yes, if the war ends completely we will feel the impact so far there's a deal between US and Iran and as I understand there's already an impact regarding to the price of oil in our country a big rollback is anticipated, hopefully this deal will continue and for longer duration or if possible both countries will have a better view and will make a long term solution as it will helps everyone that relies getting their oil from the middle east.

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June 18, 2026, 09:15:45 PM
 #244

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.

It looks like Trump has finally surrendered to Iran and handed over $300 billion for them to re-open the strait, effectively making the whole war that the US and Israel waged against them pointless. If this agreement does hold, which Trump needs it to do as he heads into midterms with absolutely awful polling results right now, then we should start to see oil prices stabilize and perhaps start dropping again. There is quite a bit of rebuilding to be done in the Middle East as Iran did hit some rather important processing facilities and there will be a backlog of a few months before all that shipping is flowing normally again. Then there will be some oil wells that were capped because storage facilities maxed out and it is expensive to get them flowing again. On the whole it was an expensive and utterly unnecessary war that achieved nothing but embarrass the America and Israel - who got hit harder than ever before.

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Today at 01:11:57 PM
 #245

Donald Trump has just announced tonight that an agreement has finally been reached and signed between Iran and the U.S.. According to him, the Strait of Hormuz is now open to everybody, with no tolls charged from Iran. He has also ordered the U.S. Navy to move their blockade in the Strait of Hormuz.

That said, energy prices are set to drop in reaction to this latest development, we'd see what the price would be in the short to medium term. This is a very positive news, and other than an end to the destruction of lives and assets, it is particularly crucial for the global energy supply chain.

This is like third or fourth announcement about agreement that Trump made. However, Iran dont confirm those agreements always. It is either one is lying or wishful thinking. Or there is no true or unite government in Iran, or no person who can make whole country size decisions. On the other side, Iran is silent about that agreement. I doubt they will gave up their nuclear program that easy and stop everything, after they have been fighting for that so tough.

No, this time is different. Iran also confirmed that the memorandum of understanding between the two sides has been finalized and the signing ceremony will be held in Switzerland on June 19. One of the term that was implemented immediately was the lifting of the US blockade and the end of hostilities across all fronts, including Lebanon.

Iran never intended to possess nuclear weapons, and that was not the primary cause of this conflict.

https://www.aljazeera.com/news/2026/6/15/us-iran-to-sign-a-peace-deal-on-friday-what-we-know-so-far
https://www.pbs.org/newshour/world/deal-is-reached-to-end-iran-war-and-trump-orders-stop-to-us-naval-blockade


To bad it hasnt seems to be different after all. USA and Iran have postponed signing agreement, that was planned to be signed today and end everything. As I understand, everything now is postponed for 60 days, while Israel is doing something crazy as they continue striking and killed 18/injured 33 people. https://www.bbc.com/news/articles/c8r2eme2n5do. Oil prices have been down this week, but everything can change during those 60 days.

 
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Today at 02:47:08 PM
 #246

I totally agreed with the title because a lot happened when price increases many marketers capitized in the past good which they have stick during the price hike, secondly the area of those damages done during the war mostly the part that involves the oil sectors will not be easily working immediately they need to restore and test run before allowing full scale production. Besides others countries like rusian and Ukraine have not give up in their fight which also have direct and indirect impact of the oil prices even as the straight of humuz is open those nation who transport from far may not be able to reached their destination with speed which will still linger the price with weeks or even a months to come.

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Today at 03:11:43 PM
 #247

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

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Today at 05:20:43 PM
 #248

Seems like there is light at the end of the tunnel after all.. Trump probably was feeling the pressure because it's not only OIL prices that are negatively affected, food prices, services all got expensive , generally economies felt the pinch and the war already is proving to be getting a huge chunk of tax payers money 💰and both parties probably wanted out.

Some kind of deal was signed, and this should see prices drop aggressively...

The issue with oil price is that if oil price i.e. Patrol or diesel rates are increased in a country then it results in increase in price of everything because everything needs to be delivered to destination through transport that runs in patrol and diesel. Luckily oil price has gone down and moving towards its post Iran/US war level and due to this reason oil prices are also decreased all over the world. Countries who are dependent on strait of Hormuz for there energy needs will now surly think of what alternative way they can follow in case Strait is closed once again in future.   

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