$Exxon Mobil(XOM)$ war war... oil price shoots up.... war isn't good :-( maybe take the opportunities to take profits in stocks to help those suffering from wars...
Oil & Gas Shock: Will Crude Break $100?
WTI surged 7% above $75, while Brent is nearing $80 after Iran announced a blockade of the Strait of Hormuz — a chokepoint that handles ~20 million barrels per day, or roughly 20% of global oil consumption, according to the U.S. EIA.
Iran produces around 3 million barrels per day. If insurance coverage is pulled and tanker risk premiums spike, short-term supply shocks could intensify quickly.
Would supply squeeze push crude above $100?
How do you view oil surge?
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