Not a chance #oil prices will come down in the near term.

The Strait of #Hormuz is closed. The following facitlies are damaged:

* Tehran Fuel Depots (Iran)
* Fujairah Oil Terminal (UAE)
* Ras Tanura Refinery (Saudi Arabia)
* South Pars Field/Fajr Jam Gas Plant (Iran)
* Sitra Refinery (Bahrain)

#Brent crude is over $103

https://www.13abc.com/2026/03/16/pres-trump-promises-oil-prices-will-come-down/