Oil Prices Surge Amid Tensions in the Strait of Hormuz

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dan_w1z4rdFull Member
Posts: 3 · Reputation: 506
#1Jun 20, 2022, 07:25 PM
Fars news just reported that Iran claims to have hit a US warship trying to pass through the Strait. But the US denies any strikes happened. Sounds like a mess already.
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#2Jun 21, 2022, 09:48 PM
Prices are definitely on the rise. Analyst says that as long as the Strait remains tense, we can expect oil prices to keep climbing. Could hit over $100 easily.
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chain365Legendary
Posts: 125 · Reputation: 5190
#3Jun 22, 2022, 03:39 AM
Wait, didn't Trump say the US is winning? So why's he sending help to ships in the Strait? Makes no sense. Are they still seizing Iranian oil ships? What’s up with that?
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ape_maxiMember
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#4Jun 22, 2022, 09:22 AM
The war’s still going strong. This could've been over if both sides were willing to compromise. But looks like the US wants full control of the Strait.
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la53ryesHero Member
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#5Jun 22, 2022, 09:53 AM
Tensions just keep escalating. Oil’s shot up to around $114 a barrel. This is crazy, and it’s only going to get worse. We really need a peace deal.
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fullnodeSenior Member
Posts: 435 · Reputation: 1205
#6Jun 22, 2022, 11:30 AM
I see fuel prices rising everywhere. Even in my country, they've gone back up after a slight dip. It’s insane how this conflict affects daily life.
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kevin_atlasFull Member
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#7Jun 22, 2022, 04:15 PM
The price jump is definitely linked to Iran attacking oil facilities in the UAE. It feels like we might be heading back into all-out war. Brace yourselves for high prices.
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#8Jun 22, 2022, 09:22 PM
Oil prices trending up seems valid to me. Even if there’s peace, the backlog of supply issues will take ages to resolve due to all this conflict.
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its_matrixSenior Member
Posts: 265 · Reputation: 899
#9Jun 23, 2022, 12:02 AM
No one can get a clear picture of what's happening. Iran says one thing, the US says another. Who's really telling the truth here?
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sam07Member
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#10Jun 23, 2022, 02:36 AM
If one of their ships goes down, things will get messy fast. America might retaliate, and we could see ground attacks. Trump just can’t handle this situation.
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dan_w1z4rdFull Member
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#11Jun 23, 2022, 08:06 AM
So true, both sides are playing games. The unreliable info makes it hard to trust anything coming out of there.
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kevin2019Newbie
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#12Jun 23, 2022, 02:01 PM
Seems this war was avoidable. If Trump had kept his campaign promises, we might not be in this mess. But here we are, with no end in sight.
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0xHashMember
Posts: 435 · Reputation: 210
#13Jun 23, 2022, 05:57 PM
Wars are driven by self-interest, and as long as the US doesn't achieve its goals, it's not going to end. Oil prices could hit $180. That'd be a disaster.
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im_falconNewbie
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#14Jun 23, 2022, 11:50 PM
Heard oil prices have shot up where I live too. It’s frustrating that a few nations can dictate the fate of the global economy.
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CyberTokenSenior Member
Posts: 68 · Reputation: 896
#15Jun 24, 2022, 03:07 AM
Maybe it’s time to start thinking about less oil dependence? Switching to electric could be a long-term strategy to avoid these price spikes.
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#16Jun 24, 2022, 03:20 AM
When two giants clash, it's the little guy that suffers. The war's hurting economies worldwide by driving oil prices up.
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basedbyteNewbie
Posts: 54 · Reputation: 7
#17Jun 26, 2022, 02:48 AM
Looks like the worst is yet to come. Despite talks, prices are still rising. What happens if negotiations fail?
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chain365Legendary
Posts: 125 · Reputation: 5190
#18Jun 26, 2022, 06:34 AM
Good point about the crew release. Seems like a small step, but it might indicate progress. Everyone’s affected by this, not just the US and Iran.
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#19Jun 26, 2022, 08:02 AM
Ceasefires are complicated. The military strength of Iran seems underestimated by the US. No one’s backing down here.
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diamond_minerFull Member
Posts: 140 · Reputation: 623
#20Jun 26, 2022, 09:49 AM
Yeah, Trump's actions here are confusing. If he had a clear strategy, we wouldn't be in this crisis. It’s just making things worse.
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