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Boo1

(387 posts)

4. Well

Reply to WSHazel (Reply #1)

Mon Mar 2, 2026, 12:20 AM

Mar 2

There's the fact that OPEC still hasn't increase production to the point they promised over a year ago. There's also the issue that the strait is by all objective measures, closed. Oh, and like 75% of the oilfields are within range of Iranian missiles, not to mention proxy groups that could attack them as well. That's not really an IF, but a when.

Besides all of that, this war is already involving essentially every Arab nation in some way. That's not going to happen and oil prices not skyrocket.

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Highlight:

Oil prices surge, cross $80 after US-Iran conflict engulfs Middle East, Strait of Hormuz [View all] Yo_Mama_Been_Loggin Mar 1 OP

Strange move WSHazel Mar 1 #1

Well Boo1 Mar 2 #4

A common misconception about OPEC WSHazel Mar 2 #5

Their feelings on Iran Boo1 Mar 2 #6

WTI (crude oil) futures only up $2.67 now Disaffected Mar 1 #2

The market shrugged WSHazel Mar 2 #7

Can I take my extra hundred bucks and multigraincracker Mar 1 #3