🌟🌟🌟We have all been staring at the rising digits at the pump & wondering if we should just trade in the car for sturdy pair of walking shoes. The energy market is like an ADHD kid.
I would like to vote B: USD 110 to USD 120 - the geopolitical pressure cooker.
This would be the new normal for the immediate future. But I am keeping a very nervous eye on C (USD 120+)
C is the "Break Glass in Case of Emergency" scenario. On March 13, the US military conducted a massive bombing raid on Kharg Island, which handles 90% of Iran crude oil exports.
Reports indicate a significant surge in US ground forces of 2000 and more, moving toward the region. The threat of a ground war on an oil terminal is a high octane mix for energy markets.
With the Strait of Hormuz closed to safe passage, the global economy is in peak war panic mode. Oil may head toward USD 150 to USD200 if Kharg is obliterated.
Let's pray for peace in the region. 🙏
@TigerPicks @Tiger_comments @TigerStars
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