I don't really worry about it.

I don't really worry about it...Why? We still have OPEC+ .If the OPEC+ announced increase in supplies,oil prices will remain high but not as bad as 10 years ago at USD 110 -120..

2nd, how long can Iran confront the West and middle east countries? Iran will face internal political pressure and external pressures.

History tell us the story... If OPEC+ increase supplies, the price will dip as low as 30 per barrel.

Modified in.03-12

Oman Port Hit: Can Reserve Release Prevent Oil Spike?

Brent crude surged 10.5% to break the psychological $100 barrier (peaking at $101.59), while WTI neared $96, completely overshadowing the International Energy Agency’s (IEA) historic announcement to release 400 million barrels of strategic reserves. The panic was ignited by reports that Oman has ordered all vessels to evacuate its primary export terminal at Mina Al Fahal as a "precautionary measure". Will 400M barrel release be enough to prevent a spike to $150? As Oman’s "safe haven" ports evacuate, are we witnessing the beginning of a total energy embargo in the Middle East?

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