Oil prices are going up due to Middle East conflicts

[jaberwock]

To put it bluntly, if the US and Israel did not gain anything from the war, they would never have started it. War can bring benefits, but it only benefits certain groups, not the whole world. That is why war has existed for thousands of years alongside the development of humankind. Billions of war have taken place around the world over the past thousands of years, war is nothing new.

You have probably forgotten, but the US is the world's largest oil exporter, and their oil export are skyrocketing.

That depends, are you talking about the government, or the people ? American people will not gain a single thing out of this, unless we start to suddenly see that Iran goes back to democracy, regime changes to a secular one, people are free and nobody is getting killed and somehow they are partnering with USA ot give all of their oil to USA for a fair market price, then we are not going to see anything change for the regular American.

And since that is not happening, this only works for the American government and not the citizens. Citizens will have to foot the bill again, all of those missiles and ships and bombs? Paid by the taxpayer who will not get a single thing out of this, and they will be asked to keep paying for more.

[summonerrk]

There are still some geopolitical shifts. They seem to have instilled optimism, but in any case, I would say the arguments are rather flimsy. Yesterday, I thought Trump was looking for a deal, since he doesn't need a war, especially on the eve of the elections. But I, for one, wouldn't be surprised if he loses his temper and escalates the situation again. Therefore, uncertainty remains. In the meantime, the main geopolitical news on this issue is that Washington has made an offer to Iran and handed over a one-page memorandum of understanding, which provides for the gradual opening of the Strait of Hormuz and the lifting of the American blockade of Iranian ports. The price of fixed-date Brent crude oil has fallen almost to a one-month low, but remains very seriously, significantly above war-tight levels.

[justdimin]

As a result of a last events bets on the Polymarket that the Strait of Hormuz will be opened in May have fallen to 16%. As for oil prices, they rose and traded above $105 yesterday. Prices even jumped higher yesterday. As for deferred rates on the Brand brand, they reached a new high for December 2026. And this, of course, is causing some concern among the global economy. As for gasoline prices at US pumps, they have reached new record highs, and the American establishment is becoming increasingly nervous. But for now, the US economy is largely ignoring the consequences of a significant increase in fuel prices.

Unfortunately there are no possible ways that it will be open, unless something we do not know is going on. Because right now, Iran blocks the ones that do not pay them, and USA blocks all the ones that do pay Iran, so there in theory, none that would pass.

But right now, it is clear that we are not seeing that to be the case that is changing, it seems like there are no more peace talks or anything going on, and right now it's a war of attrition and not going to change anytime soon. But, I am not expecting USA block to stay which means ships need to pay Iran and then Oil supply to Europe and south east Asia will get into normal which means that we are going to attain a stable price for crude oil time being.

[YOSHIE]

Oil prices are going up due to Middle East conflicts

This is what other countries are facing at the moment, we all probably know that the Middle East is the biggest import and export of oil in the world at the moment, when problems occur there like now, the consequences are what we see now, especially the biggest impact, namely the economy. global.

Iran has the most dangerous strait that can block access to the world's economy, this is worse than we imagine, for this reason Iran must now be considered by the world, I am sure that if this turmoil continues, perhaps we will enter a period of prolonged global economic crisis due to the oil blockade policy in the Middle East.

[ndutndut]

Oil prices are going up due to Middle East conflicts

This is what other countries are facing at the moment, we all probably know that the Middle East is the biggest import and export of oil in the world at the moment, when problems occur there like now, the consequences are what we see now, especially the biggest impact, namely the economy. global.

Iran has the most dangerous strait that can block access to the world's economy, this is worse than we imagine, for this reason Iran must now be considered by the world, I am sure that if this turmoil continues, perhaps we will enter a period of prolonged global economic crisis due to the oil blockade policy in the Middle East.

Before the war Iran had never even bothered to enforce a policy regarding payment for ships passing through the Strait of Humuz. However, the aftermath of this war forced Iran to implement a policy requiring payment and permission from the IRGC for every ship passing through the Strait of Humuz. Iran's strategy for exerting pressure on the world, one of which was the Strait of Humuz. Even before the war the Strait of Humuz was open to anyone. Currently, the impact of this war is not only affecting the countries at war but also the entire world as oil prices rise driving up prices in every country.

Of course, if this war continues the global economy will worsen but the problem is that both Iran and the US are determined to claim victory. The US understands that if this war continues, it will incur greater losses, as will Iran. It's just that the US wants to end the war bravely and doesn't want to appear defeated, which is why until now the peace proposals from both sides have not been accepted by each other.

[Faisal2202]

There are still some geopolitical shifts. They seem to have instilled optimism, but in any case, I would say the arguments are rather flimsy. Yesterday, I thought Trump was looking for a deal, since he doesn't need a war, especially on the eve of the elections. But I, for one, wouldn't be surprised if he loses his temper and escalates the situation again. Therefore, uncertainty remains. In the meantime, the main geopolitical news on this issue is that Washington has made an offer to Iran and handed over a one-page memorandum of understanding, which provides for the gradual opening of the Strait of Hormuz and the lifting of the American blockade of Iranian ports. The price of fixed-date Brent crude oil has fallen almost to a one-month low, but remains very seriously, significantly above war-tight levels.

That's good news, but to be honest, I don't take their words or agreements as a surety unless we see an actual stopping of the war when the US troops leave the Middle East, and they are not ready to do that and probably never will agree to do that. Only Iran has to accept their agreements, especially the ones that will benefit them the most. I don't know what the US could offer to Iran, but the whole world has suffered greatly because of this war.

Oil prices have increased here again, and everything else is going to become expensive too. This conflict must stop now for the sake of innocent lives that are being lost even because of inflation. People in some countries are so frustrated that they are protesting by burning their only way of earning money. You know what that means?

[EFS]

Gas prices continue to rise rapidly in my country. Today I paid nearly $1.50 per liter for gas. This price doesn't even include government subsidies. Even if global oil prices fall, we still see price hikes here. The domestic market is highly unpredictable. When every other country raise prices, we see even bigger hikes, when every other country discount, we still see hikes. And this has nothing to do with the war.

[Smartvirus]

Gas prices continue to rise rapidly in my country. Today I paid nearly $1.50 per liter for gas. This price doesn't even include government subsidies. Even if global oil prices fall, we still see price hikes here. The domestic market is highly unpredictable. When every other country raise prices, we see even bigger hikes, when every other country discount, we still see hikes. And this has nothing to do with the war.

There was a time when we (people from my country) did consider westerners to be at the steep end of these price hike in gas. Our petroleum products and a lot of others were highly subsidized but, our new government as part of its reforms removed all that, it was partially at a time, later fully and now, you pay for what you consume and even more. It doesn’t matter if it was imported or distilled within the country. The worst part, we are not seeing the counter development as a result of the subsidy removal which makes everything sucks.
Worst part, citizens seems to be living far above their means and that’s really disturbing.

[bhadz]

Everything rose up when the oil prices have gone increase. In my country, the businesses have taken advantage of the war because even if they only have the stock of oil pre-war, they've applied the increase as well and made them billions in pesos. They rely on the MOPSingapore for the price changes weekly, and that's why from the pre-war price. They've held the supply and then sold it when the price burst and became more expensive above $100 per barrel. It has resulted to a lot of layoffs, closure of businesses and public transport problem. Note that the war is just a few months.

[abhiseshakana]

Everything rose up when the oil prices have gone increase. In my country, the businesses have taken advantage of the war because even if they only have the stock of oil pre-war, they've applied the increase as well and made them billions in pesos. They rely on the MOPSingapore for the price changes weekly, and that's why from the pre-war price. They've held the supply and then sold it when the price burst and became more expensive above $100 per barrel. It has resulted to a lot of layoffs, closure of businesses and public transport problem. Note that the war is just a few months.

The highest increase in my country caused by the Iran-US Israel conflict and the Hormuz Strait escalation is the increase in plastic packaging by 60%, even almost 90%. My country's people are highly dependent on plastic. The problem is that the petrochemical industry in my country is not growing, so my country relies on imports for plastic raw materials (which are derived from petroleum). When the energy crisis occurs and oil prices rise, the price of plastic raw materials also increases. Furthermore, the depreciation of my country's currency against the dollar increases inflation in plastic packaging. From home based businesses to large scale manufacturers, such as the cosmetics, cooking oil, construction, and other industries, are affected. Frankly speaking, my country circular economy/recycling programs are not yet optimal, and are even lagging behind, so when my country face disturbance on raw material supply, we have no other option.Those who are screaming the loudest are street vendors and micro-businesses who are finding it increasingly difficult to survive as all costs increase.

[Swordsoffreedom]

Everything rose up when the oil prices have gone increase. In my country, the businesses have taken advantage of the war because even if they only have the stock of oil pre-war, they've applied the increase as well and made them billions in pesos. They rely on the MOPSingapore for the price changes weekly, and that's why from the pre-war price. They've held the supply and then sold it when the price burst and became more expensive above $100 per barrel. It has resulted to a lot of layoffs, closure of businesses and public transport problem. Note that the war is just a few months.

You cannot blame the oil companies because it is business, and they are just raising oil prices in line with global trend. In other words, businesses are simply reacting to the general situation of the global market, they are not making decisions on their own.

Even the United States, the world's largest oil exporter, has been unable to stabilize domestic oil prices. Their citizens are also being directly affected by the rising fuel prices. Therefore, do not just keep blaming the government and domestic businesses when most of our supply comes from imports.

It is all because of the war initiated by the United States, which has led to the indefinite closure of the Strait of Hormuz. 

[bhadz]

Everything rose up when the oil prices have gone increase. In my country, the businesses have taken advantage of the war because even if they only have the stock of oil pre-war, they've applied the increase as well and made them billions in pesos. They rely on the MOPSingapore for the price changes weekly, and that's why from the pre-war price. They've held the supply and then sold it when the price burst and became more expensive above $100 per barrel. It has resulted to a lot of layoffs, closure of businesses and public transport problem. Note that the war is just a few months.

The highest increase in my country caused by the Iran-US Israel conflict and the Hormuz Strait escalation is the increase in plastic packaging by 60%, even almost 90%. My country's people are highly dependent on plastic. The problem is that the petrochemical industry in my country is not growing, so my country relies on imports for plastic raw materials (which are derived from petroleum). When the energy crisis occurs and oil prices rise, the price of plastic raw materials also increases. Furthermore, the depreciation of my country's currency against the dollar increases inflation in plastic packaging. From home based businesses to large scale manufacturers, such as the cosmetics, cooking oil, construction, and other industries, are affected. Frankly speaking, my country circular economy/recycling programs are not yet optimal, and are even lagging behind, so when my country face disturbance on raw material supply, we have no other option.Those who are screaming the loudest are street vendors and micro-businesses who are finding it increasingly difficult to survive as all costs increase.

It's almost the same in my country although not mainly with plastic packaging but, both of our countries relying on importation really have been affected by the war. Since most diesel is used to transport these products, materials and packages, there's the domino impact of it. Very the same situation that the rich won't probably feel the heat of this situation but the poor and the middle class are feeling the effect.

You cannot blame the oil companies because it is business, and they are just raising oil prices in line with global trend. In other words, businesses are simply reacting to the general situation of the global market, they are not making decisions on their own.

Even the United States, the world's largest oil exporter, has been unable to stabilize domestic oil prices. Their citizens are also being directly affected by the rising fuel prices. Therefore, do not just keep blaming the government and domestic businesses when most of our supply comes from imports.

It is all because of the war initiated by the United States, which has led to the indefinite closure of the Strait of Hormuz. 

We really can't blame them because they're a business and they are protected by the law of our government which is the "oil deregulation law" so the name itself speaks for to whom it is favorable.

[Nathrixxx]

This is one of the consequences of inflation in an economy that the centralized and don't be surprised that even after the war ended, oil price may not deflate because people would have been used to the same way they are buying it when it was inflated, everything about irregulated economy does not really work in favor of the masses, because the time to pay the cost the most and there is nothing that can be done in preventing them from being affected in such manner.

[Smack That Ace]

Gas prices continue to rise rapidly in my country. Today I paid nearly $1.50 per liter for gas. This price doesn't even include government subsidies. Even if global oil prices fall, we still see price hikes here. The domestic market is highly unpredictable. When every other country raise prices, we see even bigger hikes, when every other country discount, we still see hikes. And this has nothing to do with the war.

Because the price of oil we are tracking is the global price of crude oil, while what we consume are refined product like gasoline and diesel. Therefore, it is not surprising that crude oil prices have fallen while domestic fuel prices have lagged behind.

Furthermore, it will depend on import sources, transportation cost, consumption levels, and each country has its own tax policies, subsidies, and price regulation mechanisms.

[summonerrk]

Well, although oil dropped during the week, by the end of the week, WTI crude oil futures for next months delivery dropped below $100 again. But the price of oil is high, as concerns persist about the fragility of the ceasefire. Well, this is probably the only asset that is afraid of all these events. Brent crude oil prices have also dropped slightly, but it should be noted that in recent weeks, oil company executives have noticed something strange. Chinese state-owned oil companies resell some of their oil cargoes to European and Asian competitors. It seems that this is a logical consequence of the limitation of profitability and oil refining through export restrictions. There is suppressed domestic demand for oil, but in the world, with the exception of China, there is still a structural shortage of petroleum products and refining capacities. Gasoline and fuel oil are probably the most important indicators of real economic impact now than oil itself.

[Cheema02]

There are still some geopolitical shifts. They seem to have instilled optimism, but in any case, I would say the arguments are rather flimsy. Yesterday, I thought Trump was looking for a deal, since he doesn't need a war, especially on the eve of the elections. But I, for one, wouldn't be surprised if he loses his temper and escalates the situation again. Therefore, uncertainty remains. In the meantime, the main geopolitical news on this issue is that Washington has made an offer to Iran and handed over a one-page memorandum of understanding, which provides for the gradual opening of the Strait of Hormuz and the lifting of the American blockade of Iranian ports. The price of fixed-date Brent crude oil has fallen almost to a one-month low, but remains very seriously, significantly above war-tight levels.

Its the understood thing that geopolitical conflicts and tensions create the uncertainty in the world trade markets and especially it hits the oil sector. And in this situation Leadership talks temporarily maintain the situations but investors always mentally prepares to face this challenge because powerful leaders statement keeps markets sensitive and unstable in that situations. And if US offers a peaceful talk to Iran and if this talk remain useful and Iran opens the important Strait of Hormuz for trade then it helps to stabilize the oil shortage globally. So the Crude oil prices still high then normal level the reason behinds that is the fear of future conflicts which is estimated by traders and investors because global trade market reacts to future possibilities. So uncertain conditions dominates currently due to major conflicts of powerful countries like US and Iran.

[Oluwa-btc]

There are still some geopolitical shifts. They seem to have instilled optimism, but in any case, I would say the arguments are rather flimsy. Yesterday, I thought Trump was looking for a deal, since he doesn't need a war, especially on the eve of the elections. But I, for one, wouldn't be surprised if he loses his temper and escalates the situation again. Therefore, uncertainty remains. In the meantime, the main geopolitical news on this issue is that Washington has made an offer to Iran and handed over a one-page memorandum of understanding, which provides for the gradual opening of the Strait of Hormuz and the lifting of the American blockade of Iranian ports. The price of fixed-date Brent crude oil has fallen almost to a one-month low, but remains very seriously, significantly above war-tight levels.

Donald Trump will do anything for the isreali government.

Donald Trump will also do anything to suppress the release of the Epstein files and the news trending going round. He has never deescalated nothing, just another truth social tiger. They don't hold the power now, Iranians are the people calling the shots otherwise, everything goes back to the way it was. End of ceasefire and more bombing. The recent plan to also force themselves into the strait failed as they were heavily struck by Iranians.

[Italian Panic]

Donald Trump will do anything for the isreali government.

Donald Trump will also do anything to suppress the release of the Epstein files and the news trending going round. He has never deescalated nothing, just another truth social tiger. They don't hold the power now, Iranians are the people calling the shots otherwise, everything goes back to the way it was. End of ceasefire and more bombing. The recent plan to also force themselves into the strait failed as they were heavily struck by Iranians.

we have to admit that there’s a sense that Israel is somehow keeping Trump, and by extension, the U.S. administration, in check. Rumors say that Jeff Epstein was an Israeli agent and that he passed a backup of files to Israeli intelligence; who knows if that’s true. What’s also certain is that Trump is obsessed with resolving certain situations around the world and is fixated on winning the Nobel Peace Prize.
Then there’s another consideration regarding the immense U.S. public debt and the interest payments that are a noose around its neck; to prop up the economy, they need to control the market and raw materials.

[Lida93]

Gas prices continue to rise rapidly in my country. Today I paid nearly $1.50 per liter for gas. This price doesn't even include government subsidies. Even if global oil prices fall, we still see price hikes here. The domestic market is highly unpredictable. When every other country raise prices, we see even bigger hikes, when every other country discount, we still see hikes. And this has nothing to do with the war.

The domestic oil/gas marketers has taken a full blown advantage of the war and are ripping excess in price from the citizens. On reading your comment I just realized this price hiking situation isn't just capped to my country marketers only but other country's are having similar price hikes even when the war isn't as severe as it was at some point. Few days ago I bought at #1,250 Naira a litre, today on my way to church service I decided to top up my tank the price has increased to #1,390 per litre. That's over a dollar in current exchange with me country's currency and I keep worrying what will the coming month look like especially for those who can't really afford today's price hike.

[Danica22]

The domestic oil/gas marketers has taken a full blown advantage of the war and are ripping excess in price from the citizens. On reading your comment I just realized this price hiking situation isn't just capped to my country marketers only but other country's are having similar price hikes even when the war isn't as severe as it was at some point. Few days ago I bought at #1,250 Naira a litre, today on my way to church service I decided to top up my tank the price has increased to #1,390 per litre. That's over a dollar in current exchange with me country's currency and I keep worrying what will the coming month look like especially for those who can't really afford today's price hike.

The war has cooled down, but the Strait of Hormuz remains completely blockaded by Iran and the United States from both sides. Up to now, despite all efforts, no oil tanker has been able to successfully pass through this route. Therefore, do not be surprised that world crude oil prices show no signs of cooling down, and domestic gasoline prices have not decreased yet.

Oil prices will only fall when supply is restored.