They saying if Israel take out the oil fields of Iran which is 5% of world oil that will be enough
to see oil go past $200US/Barrel so fuel goes up 3 to 4 fold.
Then what happens people start buying EV's as they don't want to be paying $6 to $8 a litre of petrol.
Last gulf war fuel prices went up 4 fold. If they go up 4 fold this next time it means very high prices and inflation goes through the roof.
If the US had any brains left they'd tell Israel not to attack the oil fields and if they do then they'll shoot down those missiles aimed at the oil fields and cut off arms to them.
They all ego based and can't seem to back down or see reason.
Iron ore price, page-55252
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