Oil will be high for a while

[Mate2237]

With the outbreak of the war in the middle east which has seen the total blockage of the strait of Hormuz. It natural that the price of oil and it refined product such as gas go up in price. This is expected because war is one thing that has it negative effects and in this case Iran has successfully made sure that every part of the world experience a hike in price of oli which in turn has translated to an increase in petroleum products.


Until there is a peace deal on the table, which I know will include the opening of the strait of Hormuz which is critical to oil in the world we should be ready for a hike in price of oil.

[Cookdata]

With the outbreak of the war in the middle east which has seen the total blockage of the strait of Hormuz. It natural that the price of oil and it refined product such as gas go up in price. This is expected because war is one thing that has it negative effects and in this case Iran has successfully made sure that every part of the world experience a hike in price of oli which in turn has translated to an increase in petroleum products.


Until there is a peace deal on the table, which I know will include the opening of the strait of Hormuz which is critical to oil in the world we should be ready for a hike in price of oil.

If other countries in middle east are involve in fresh war then it's possible that the price of oil will increase but if Iran and US should continue their battle, the pump price wouldn't make any difference. I don't know what's happening in the global oil market but the pump price of oil here has only been reduced by less than few cents, I'm not sure if they are waiting for the old stock to finish so they can make fresh stock at low price, nothing has changed.

The peace between Iran and US has not been fruitful, the US are making demands to subject Iran to hard labour on their money that was seized, they want them to spend their money on their farmers and I'm like who gave them this useless advice. First, the money belongs to Iran and was never gotten under any form of practice, why give them conditions to spend the money and you want peace. Sometimes I feel Trump want to make even peace a strategy to think he is the king that has a say.

[Abiky]

If other countries in middle east are involve in fresh war then it's possible that the price of oil will increase but if Iran and US should continue their battle, the pump price wouldn't make any difference. I don't know what's happening in the global oil market but the pump price of oil here has only been reduced by less than few cents, I'm not sure if they are waiting for the old stock to finish so they can make fresh stock at low price, nothing has changed.

The peace between Iran and US has not been fruitful, the US are making demands to subject Iran to hard labour on their money that was seized, they want them to spend their money on their farmers and I'm like who gave them this useless advice. First, the money belongs to Iran and was never gotten under any form of practice, why give them conditions to spend the money and you want peace. Sometimes I feel Trump want to make even peace a strategy to think he is the king that has a say.

Trump thought his "Venezuela strategy" was going to work in Iran. Turns out, he was wrong. Because Iran is more resilient than Venezuela itself. Some say the real intentions behind the war was to acquire all of Iran's oil. They may be right, especially when Trump floated the idea of deploying ground troops on Kharg Island (which is Iran's economic lifeline, btw).

The world is now paying the price of a prolonged war. Even with an agreement in place, that's no guarantee there will be permanent peace. The deal is a fragile one. Recently, Iran targeted another vessel in the Strait of Hormuz. So you can see where this is all heading to. Wishing everyone the best of luck.

[Iranus]

Trump thought his "Venezuela strategy" was going to work in Iran. Turns out, he was wrong. Because Iran is more resilient than Venezuela itself. Some say the real intentions behind the war was to acquire all of Iran's oil. They may be right, especially when Trump floated the idea of deploying ground troops on Kharg Island (which is Iran's economic lifeline, btw).

Trump has made hundreds of ideas and thousands of nonsensical statements during the course of the war. What he said is not trustworthy.

The deployment of ground troops is outside his authority, and only Congress has the power to make that decision.

The world is now paying the price of a prolonged war. Even with an agreement in place, that's no guarantee there will be permanent peace. The deal is a fragile one. Recently, Iran targeted another vessel in the Strait of Hormuz. So you can see where this is all heading to. Wishing everyone the best of luck.

Yes, there are no guarantees and everything remains very uncertain because all that the two sides have achieved is a memorandum of understanding.

However, that is still a hundred times better than having no agreement at all and conflict continuing to escalate.  Therefore, do not focus only on the negative side and become overly pessimistic.

Starting a war is easy, but ending it is never easy and will take a long time. We need patience.

[Abiky]

Trump has made hundreds of ideas and thousands of nonsensical statements during the course of the war. What he said is not trustworthy.

The deployment of ground troops is outside his authority, and only Congress has the power to make that decision.

Yes. But doesn't Republicans control both chambers of Congress? Even if by a slim majority? Yet, there are some Republicans against the war, joining Democrats in a War Powers Resolution. All in a bid to limit Trump's ability to escalate things further. If ground troops were deployed, we would've all been doomed. Oil prices would skyrocket like never before. Probably going all the way up towards $200.

Even with the agreement in place, oil prices are struggling to decline any further. Rates are way higher than they were before the war. It's going to take months or even a few years before things go back to normal. Harsh economic times awaits us. Here's hoping for the best.

[Iranus]

Even with the agreement in place, oil prices are struggling to decline any further. Rates are way higher than they were before the war. It's going to take months or even a few years before things go back to normal. Harsh economic times awaits us. Here's hoping for the best.

Have you checked oil prices over the past few days?

Oil was trading at around $67-$68/ barrel at the end of February, before the war began, while it is currently around $71. There was even a point when oil prices fell below their prewar levels.

Once the war end and a lasting peace agreement is signed, oil supplies could return to normal within a few months. However, that does not mean the economy will no longer face difficulties, as it depends on many factors other than crude oil.

[X-ray]

Even with the agreement in place, oil prices are struggling to decline any further. Rates are way higher than they were before the war. It's going to take months or even a few years before things go back to normal. Harsh economic times awaits us. Here's hoping for the best.

Have you checked oil prices over the past few days?

Oil was trading at around $67-$68/ barrel at the end of February, before the war began, while it is currently around $71. There was even a point when oil prices fell below their prewar levels.

Once the war end and a lasting peace agreement is signed, oil supplies could return to normal within a few months. However, that does not mean the economy will no longer face difficulties, as it depends on many factors other than crude oil.

Does this peace deal still on the table when recently ceasefire seems to be broken already?

Iran initiated drone attack on a singapore owned container ship and the U.S. has sent retaliaton attack.

I think we are already on a square one again.

[fruktik]

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...

I think the Iran deal fell through. And therefore, the conflict will continue. Who benefited from this war? The Kremlin ghoul, who profited from high oil prices. It's a strange coincidence, but Trump started all this just when Russia's budget situation was in dire straits. Why not later, or abandon the idea altogether? It's all because the red-haired old man is a recruited Kremlin agent. While this may be pure conjecture, there is circumstantial evidence. I wouldn't be surprised if Epstein's files with Trump, showing him engaging in obscene behavior, are released again soon.

[BALIK]

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...

I think the Iran deal fell through. And therefore, the conflict will continue. Who benefited from this war? The Kremlin ghoul, who profited from high oil prices. It's a strange coincidence, but Trump started all this just when Russia's budget situation was in dire straits. Why not later, or abandon the idea altogether? It's all because the red-haired old man is a recruited Kremlin agent. While this may be pure conjecture, there is circumstantial evidence. I wouldn't be surprised if Epstein's files with Trump, showing him engaging in obscene behavior, are released again soon.

I do not think the war in Iran has anything to do with Russia. Russia was not the only country to benefit from high oil prices during the two months of conflict. The United States is the biggest beneficiary as crude oil and natural gas exports reach record levels.

Many conspiracy theories have been put forward to explain Trump's decision to attack Iran. But for me, the reason simply revolves around the dominance of the USD and the petrodollar system.

This is not the first war the United States has initiated in the Middle East. The United States attacking Iran is similar to what it previously did in Iraq and Libya.

[fruktik]

I do not think the war in Iran has anything to do with Russia. Russia was not the only country to benefit from high oil prices during the two months of conflict. The United States is the biggest beneficiary as crude oil and natural gas exports reach record levels.

Many conspiracy theories have been put forward to explain Trump's decision to attack Iran. But for me, the reason simply revolves around the dominance of the USD and the petrodollar system.

This is not the first war the United States has initiated in the Middle East. The United States attacking Iran is similar to what it previously did in Iraq and Libya.

Yes, Trump himself and his entourage profited handsomely from the Iran war. He likely counted on a quick victory, but in reality, he lost the battle. I already wrote somewhere about how this old man recruited completely incompetent people to his team. And how did he select them? It's incredibly simple. Whoever sucked up to him the most ended up in his inner circle. No one looked at experience and skill. The red parrot doesn't need that. He just wants to serve out his term.

[Iranus]

Does this peace deal still on the table when recently ceasefire seems to be broken already?

Iran initiated drone attack on a singapore owned container ship and the U.S. has sent retaliaton attack.

I think we are already on a square one again.

Currently, tensions have escalated to a new level as the US continues its attacks on Iran, and Iran has not hesitated to retaliate.

However, as we can see, both sides continuously accuse each other of violating the agreement, but neither side declares that the agreement has been broken and that the war will continue.

In my opinion, as long as neither side has announced its withdrawal from the agreement, we are not back to square one.

[Fredomago]

Does this peace deal still on the table when recently ceasefire seems to be broken already?

Iran initiated drone attack on a singapore owned container ship and the U.S. has sent retaliaton attack.

I think we are already on a square one again.

Currently, tensions have escalated to a new level as the US continues its attacks on Iran, and Iran has not hesitated to retaliate.

However, as we can see, both sides continuously accuse each other of violating the agreement, but neither side declares that the agreement has been broken and that the war will continue.

In my opinion, as long as neither side has announced its withdrawal from the agreement, we are not back to square one.

As long as there's no declaration again for another sets of war that deal still active, though chances that it may be broken is not by far, for the meantime, countries that relying their oil thrue this passage ways needs to reflect as possibility to suffer once again is closer to happen, better to have an early sets of plans to buy more while the passage way still open to make sure that they've got something that might be enough to cater their needs to avoid having that huge price hike if ever that war will starts again.

[batang_bitcoin]

Currently, tensions have escalated to a new level as the US continues its attacks on Iran, and Iran has not hesitated to retaliate.

However, as we can see, both sides continuously accuse each other of violating the agreement, but neither side declares that the agreement has been broken and that the war will continue.

In my opinion, as long as neither side has announced its withdrawal from the agreement, we are not back to square one.

I thought that it was Iran who attacked US based in Kuwait. I'm not sure what's the correct news out there. But aren't they tired with this? well, that's Persia for us and they're not just going to fight but, they'll fight til they can and if there's no end that might be their dedication in it. These agreements and ceasefire that they have are becoming a joke and none of them are following what they have written. I guess that says that they're all willing to fight til the end and wipe out all of their army until US is out of it. Iran's assets are already about to be unfrozen though.

[Furious 7]

As long as there's no declaration again for another sets of war that deal still active, though chances that it may be broken is not by far, for the meantime, countries that relying their oil thrue this passage ways needs to reflect as possibility to suffer once again is closer to happen, better to have an early sets of plans to buy more while the passage way still open to make sure that they've got something that might be enough to cater their needs to avoid having that huge price hike if ever that war will starts again.

Currently, the declaration is still active, but when looking at the attacks, the word “active” is ambiguous because they still declare their status with a peaceful declaration but still try to attack each other, which means the potential to continue to take up arms will still occur.

For now, we should most likely continue to prepare for the worst as the war is still on despite the previous peace agreement as the situation is still the same where both countries (more precisely 3 countries) are still the same with their respective arguments and this will never end until one of them surrenders.

[Iranus]

Currently, the declaration is still active, but when looking at the attacks, the word “active” is ambiguous because they still declare their status with a peaceful declaration but still try to attack each other, which means the potential to continue to take up arms will still occur.

For now, we should most likely continue to prepare for the worst as the war is still on despite the previous peace agreement as the situation is still the same where both countries (more precisely 3 countries) are still the same with their respective arguments and this will never end until one of them surrenders.

It should be noted that no peace agreement has been reached so far. What the US and Iran have achieved so far is only a memorandum of understanding, extending the ceasefire for another 60 days to give both sides time to negotiate the final terms. So minor clashes during the negotiations are neither surprising nor alarming.

According to the latest news, both sides have once again agreed to stop attacking each other and continue the negotiation. As we can see, neither side wants to break the ceasefire.

https://www.timesofisrael.com/us-iran-agree-to-halt-hormuz-attacks-hold-talks-about-strait-in-qatar-on-tuesday-report/

[Oluwa-btc]

It should be noted that no peace agreement has been reached so far. What the US and Iran have achieved so far is only a memorandum of understanding, extending the ceasefire for another 60 days to give both sides time to negotiate the final terms. So minor clashes during the negotiations are neither surprising nor alarming.

According to the latest news, both sides have once again agreed to stop attacking each other and continue the negotiation. As we can see, neither side wants to break the ceasefire.

https://www.timesofisrael.com/us-iran-agree-to-halt-hormuz-attacks-hold-talks-about-strait-in-qatar-on-tuesday-report/

Said this a billion times here and it is exactly Israeli regime who do not intend to see peace talks between Iran and Us. Lebanon was included as part of the deal but Benjamin Netanyahu has said they will still occupy the lands of Lebanon. If Donald Trump is not at the mercy of Mossad and Israeli regime, he'd have made sure they're restrained completely but he has not and couldn't. Iranians are no longer ready to have such negotiations because there's no atom of trust and honour from the Epstein class.

[Chilwell]

If other countries in middle east are involve in fresh war then it's possible that the price of oil will increase but if Iran and US should continue their battle, the pump price wouldn't make any difference. I don't know what's happening in the global oil market but the pump price of oil here has only been reduced by less than few cents, I'm not sure if they are waiting for the old stock to finish so they can make fresh stock at low price, nothing has changed.

The peace between Iran and US has not been fruitful, the US are making demands to subject Iran to hard labour on their money that was seized, they want them to spend their money on their farmers and I'm like who gave them this useless advice. First, the money belongs to Iran and was never gotten under any form of practice, why give them conditions to spend the money and you want peace. Sometimes I feel Trump want to make even peace a strategy to think he is the king that has a say.

Trump thought his "Venezuela strategy" was going to work in Iran. Turns out, he was wrong. Because Iran is more resilient than Venezuela itself. Some say the real intentions behind the war was to acquire all of Iran's oil. They may be right, especially when Trump floated the idea of deploying ground troops on Kharg Island (which is Iran's economic lifeline, btw).

The world is now paying the price of a prolonged war. Even with an agreement in place, that's no guarantee there will be permanent peace. The deal is a fragile one. Recently, Iran targeted another vessel in the Strait of Hormuz. So you can see where this is all heading to. Wishing everyone the best of luck.

I am so happy that president Trump back down in shame because after making so much noise about winning the war, he have seen the reality with Iran, you are absolutely correct because he considered every nation to be like Venezuela which was a very wrong move for him when he decided to enter Iraq. During this period of War, I know we're facing a lot even though we are not in that region but at the same time I was so happy that Iran have shown the United States of America that they are not Venezuela.

America violated the international law just because they feel that they are greater than any nation but take a look at how Iran handle them it was absolutely a great one, and with this kind of situation they will be careful next time even though they want to deal with some other nations.

[MRY]

I am so happy that president Trump back down in shame because after making so much noise about winning the war, he have seen the reality with Iran, you are absolutely correct because he considered every nation to be like Venezuela which was a very wrong move for him when he decided to enter Iraq. During this period of War, I know we're facing a lot even though we are not in that region but at the same time I was so happy that Iran have shown the United States of America that they are not Venezuela.

America violated the international law just because they feel that they are greater than any nation but take a look at how Iran handle them it was absolutely a great one, and with this kind of situation they will be careful next time even though they want to deal with some other nations.

Political activities such as this show the relevance of mutual esteem towards the territory sovereignty of other countries. Any leader of a country has to know that with a lot of power comes a lot of responsibility. In my opinion, peace is the ultimate goal, to which all leaders should aim. To not go to war is a worthwhile decision to be applauded in the future. Hopefully Trump won't lie again with this peace.

[STT]

The ratio of the oil price to possibility for uninterrupted traffic in the strait must be quite attractive; oil is too cheap for sure especially if we consider restocking the reserves used up.    I dont think Trump backed down exactly, he had the choice of a ground war and losing troops for a war and occupation not even supported by neighbours in the area nevermind the servicemen dying or the families who would have to pay the highest price.
  He already said himself we dont even need the gulf so why are you here, its more a retraction of a mistake then anything I would call backing down.  It remains to be seen its possible to even put the genie back in the bottle because its looking it was made worse not better.

Oil higher or not will largely revolve around the global economy expanding and requiring the higher price to encourage future refinement investment.  The gulf has the cheapest and easiest to refine oil but if thats not available easily then we have alternatives at higher prices.

[AgriTrack]

The US-IRAN war isn't going to be over anytime soon and even if the tensions are lessened, the effects of it will be long-lasting ones, and oil prices are hard to come down to the level they were when there was no war or escalations. Also, this is for the first time, the whole world is affected by this war.

This war has totally changed the world, and now many countries are thinking in other directions on how to secure their oil and economy in uncertain situations such as these we are currently experiencing.

Yes I have the same feelings, Iran and US conflicts seems to be difficult to resolve. Intensity and tensions are increasing day by day. Both are not ready for accepting defeat, among all these circumstances new and high wave of inflation is circulating. No one knows where world is moving now for the alternatives. Right now increasing price of oil is becoming unaffordable. Barriers in Strait of Hurmoz is another creating pressure on the economy globally. May be in few months world would working in totally different way. Like after Corona world had shifted their traditional style to modern one. Same during or after this war world would shift their demand of oil to someone else. But situation could be difficult for the developing countries who have lack the ability to handle such emergencies immediate. This war will leave highly adverse affect on them