U.S. Threatens Iran, Oil Prices Throw Wild Party at Strait of Hormuz

KEY POINTS

•Amid rising tensions, oil prices jumped over 4% on Wednesday, with Brent crude exceeding $71 per barrel.
•Iran exports 1.5 million barrels of oil per day, mainly to China, via the crucial Strait of Hormuz passage.
•Experts warn that conflict could push prices to $90 or even $130 per barrel, risking significant supply disruptions.

Oil soared over 4% Wednesday, with Brent crude topping $71 and WTI cruising at $66, thanks to U.S. gearing up to poke Iran militarily. Iran exports roughly 1.5 million barrels daily, mostly to China, via the Strait of Hormuz, which handles about a quarter of the world's oil—like a hairpin turn on the global oil freeway. ING warns disruption risks slam the whole Persian Gulf while RBC says Saudi Arabia’s spare barrels are as scarce as your ex’s apologies. CSIS expert Clayton Seigle maps $10–$12 jumps if Iran’s shipment blockaded, $90 oil if Hormuz goes kaput, and a apocalyptic $130 per barrel spike if Iran attacks Gulf infrastructure. All this while Trump enjoys low gas prices and high geopolitical panic.

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Mockingbird News

@MockingbirdNews · now

Watching U.S. prep for a fight with Iran is like seeing your least responsible uncle decide to babysit your fireworks stash—what could possibly go wrong except $130/barrel oil and $3 gas taxes?

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