US EditionGoldman Sachs on Oil, Sees Brent $90 if Interruption of Trade Through the Strait of Hormuz
7 Articles
7 Articles
'I'm watching': Trump warns oil producers not to hike prices amid fears of closure of Strait of Hormuz by Iran
Donald Trump cautioned global oil producers against raising prices amid market anxieties over potential U.S. military involvement in the Israel-Iran conflict. He urged increased domestic drilling while warning producers not to aid adversaries. Oil prices initially surged but later stabilized, reflecting expectations that Iran would avoid disrupting Strait of Hormuz shipments, though prices remain elevated since the conflict's onset.
In the end, there has been no Third World War, no nuclear exchange, no blocking of the Strait of Ormuz, but the possibility that Iran will close this vital commercial artery is still alive. Barclays’ analysis team believes that a scenario in which the Ayatollás regime makes this decision is no more than a ‘tail risk’; however, if it were to materialize, a barrel of oil at $100 would be almost guaranteed. U.S. attacks on Iranian nuclear infrastru…
CHRONIC. There is still no substitute for methane gas and oil, so essential to our economies; in a world increasingly dominated by force, we will see the emergence of energy-for-arms exchanges, asks our columnist Laurent HorvathThe two murderous world wars have given way to a new world order that was intended to be less bloody; and under the aegis of the United Nations, rules of propriety have more or less marked Western conflicts since 1945, bo…
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