I doubt that Israel will want, at least initially, to cripple Iran's oil production & refining infrastructure- but will probably destroy a small part of it. There is a Presidential election in the USA in 2024, & Pres. Biden (& most Western countries) would not want to see an huge jump in oil & gas prices. Israel wants to keep the West "onside", as much as possible.
Israel has "vowed revenge" (but provided no timelines, nor specifics) against Iran for its attack 3 days ago on Israel, with Iran sending hundreds of one-way bomber drones, & missiles (inc. a few cruise missiles) against Israel.
(Nearly all were shot down, or disabled, by Israel).
Newspaper headlines: Israel 'vows revenge' as it 'weighs up response' (bbc.com)
These continuing military actions are likely, according to many experts, to create much geopolitical & military uncertainty; &, eventually, will probably cause the price of oil & gas to rise (Brent crude has already risen c.14%, since Ukraine recently started long range drone strikes [up to 1200kms+- inside Russian territory] against Russian oil refineries etc.
Ukraine has recently stated that, by the end of this year, it will have designed & manufactured many thousands of these cheap, long range drones.
This Reuters 24.3.24 article is the best analysis I have read, re the increasing sophistication & potency of very "cheap" drone bomber technology.
How drone combat in Ukraine is changing warfare (reuters.com)
(Warning: Long Article)
Israel has more sophisticated drones, & counter drone technology/capabilities, than Iran (& Ukraine).
It is likely, IMO, that Israel will launch a brief, successsful attack against Iranian oil facilities; & that Ukraine will attempt major & ongoing drone attacks against Russian oil & gas facilities, deep inside Russia- but will Ukraine be able to succeed in this (Russia has much better defences)?
Both scenarios are likely to cause the price of oil & gas to, eventually, rise - but by how much, & for how long?
These uncertainties are bullish for thermal coal prices- & thus WHC will SP will appreciate.
- Forums
- ASX - By Stock
- Target $18.72
I doubt that Israel will want, at least initially, to cripple...
-
-
- There are more pages in this discussion • 1,531 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.13 |
Change
-0.010(0.16%) |
Mkt cap ! $5.145B |
Open | High | Low | Value | Volume |
$6.20 | $6.23 | $6.09 | $23.12M | 3.728M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
48 | 28405 | $6.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.13 | 41283 | 55 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 30427 | 6.120 |
35 | 45503 | 6.110 |
34 | 79210 | 6.100 |
12 | 21504 | 6.090 |
11 | 102052 | 6.080 |
Price($) | Vol. | No. |
---|---|---|
6.130 | 37129 | 49 |
6.140 | 49458 | 46 |
6.150 | 38298 | 23 |
6.160 | 32612 | 14 |
6.170 | 50146 | 12 |
Last trade - 13.08pm 05/09/2024 (20 minute delay) ? |
Featured News
WHC (ASX) Chart |