Will $100 Oil price push XOM to $200 ?
@JC888：
$100 Oil, the new Norm? Crude oil has decisively broken back above $100 per barrel, driven by: A sharp escalation in fighting between US and Iranian forces. And collapse in tanker traffic through the Strait of Hormuz. After months of relatively stable flows that kept prices in check, the market now faces a reality of sustained disruption, dwindling inventories, and limited room for supply to respond. Tanker traffic through the Strait has dropped from 6–9 million barrels daily (in August 2026) to below 2 million, with the renewed fighting. Recent reports also indicated that zero very large crude carrier has exited the Straits since 02 Sep 2026. With the latest news that 5 Iranian tankers have been destroyed by US and an Iranian’s counterstrike on US base in Jordan, quest for peace has just
