Iraq warns of $300 per barrel oil.
The closure of the Strait of Hormuz, a key transport route, could “result in the loss of approximately five million barrels per day from Gulf and Iraqi oil supplies in the global market,” the Iraqi foreign minister was quoted as saying.
https://www.rt.com/news/619365-oil-prices-to-skyrocket/
XJO - Bear Posts only (Factors which might cause the markets to fall), page-23190
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