Despite the reopening of the Strait of Hormuz following the end of the Iran conflict, experts say global oil and gasoline prices are unlikely to fall quickly. https://english.mathrubhumi.com/news/world/strait-of-hormuz-reopens-oil-gasoline-prices-remain-high-p1v8ibo9?utm_source=dlvr.it&utm_medium=mastodon #OilPrice #StraitOfHormuz #USIranConflict #PeaceDeal
Asia in the crosshairs as oil barrels toward $120

Oil surged to over US$119 a barrel on Monday, levels not seen since 2022, before falling back to around $100 in a whipsaw trading session driven by

IwPost
how #fossilfuel #energy #dependency #bankcrupt #nations: #usa #israel #war on #iran raises #oilprice and with it the #petrodollar: Transaction demand: Crude is invoiced in dollars, so when oil prices jump buyers and exporters need more USD to settle trades and hold reserves, lifting dollar demand and value. European Union
Petrodollar recycling: Oil-exporting countries receiving larger USD revenues often reinvest into dollar assets (e.g., Treasuries), increasing capital flows into the U.S. and supporting the USD. Medium
Interest-rate/yield channel: Higher oil-driven inflation can prompt the Fed to keep rates higher (or markets price higher expected U.S. yields), attracting foreign capital into U.S. bonds and equities, which bids up the USD. Yale University https://www.youtube.com/watch?v=XxTC-2NDLS0
OMG! Global Central Banks Just Hit the Panic Button (All at Once)

YouTube

in case you are wondering why the #oilprice is having sort of a heart attack right now, this is the reason. #trump told he has millions of imaginary barrels leaving #hormuz, which is, of course, not gonna happen. *this is not an investment advice*

https://www.reuters.com/business/energy/us-energy-chief-says-not-aware-us-taking-oil-out-iran-2026-06-10/

you know what? f this. at this point in time we could as well stick with the acceleration-ism. drop that shit like an iranian drone and empty the world's inventories before winter arrives. 🤷‍♀️

#oilprice #trump #fuckthis

My best guess is that this is about comments that the IAEA's Rafael Grossi made about talks:

“Our sense is that they seem to be pretty close to agreeing on what I would describe more with regards to the nuclear … to sort of a framework, organisational structure to give themselves time to look into the different problems,” he said.

It's just because it's the most positive thing I can find reported. Even then, it had to've been making its way around the markets before it Aljazeera got it up on their news feed.

https://aje.news/t4o512?update=4629362

#IranWar #news #IAEA #RafaelGrossi #OilPrice #oil

Well, _some_ kind of rumour is flying around the markets I guess

I mean it's not exactly been steady trading lately regardless and this is a decent spike

(I guess it could just be slow reaction to military news, idk. I'm more just, "huh, that's neat")

#OilPrice #IranWar #economy

Iranian source saying talks have broken off, Shitstain saying he doesn't care if they go silent, that "we" can wait.

There _are_ major "other fronts" they can open. The Bab-el-Mandeb Strait is quite narrow and the Gulf of Aden isn't invulnerable Obviously given the Suez Canal to the north it's less overwhelming than the Strait of Hormuz, but it'd still be a massive, and I do mean massive, fucking problem.

This is a shoe people have been waiting to see drop since March.

https://aje.news/xhk3kr?update=4618108

#news #IranWar #fascism #FuckTrump #FuckTheGOP #FuckRepublicans #oil #OilPrice

93.7% Middle East dependency even after a 66% import crash. No policy paper accelerates structural energy change like a supply shock of this scale. Japan's diversification timeline just got set externally.
#oilprice #oil