I am don’t know much about oil and energy stuff. But I hear...

I am don’t know much about oil and energy stuff. But I hear those with experience suggest price may not go up too much — at least not similar to what happened when Ukraine war started.


The argument is: back then the supply was already under pressure, and countries were just coming out of COVID. So there was also forecast for increase demand.

Now we have 5m barrels surplus production, and the demand is also forecast to go down as the economy is going downhill. So Iran conflict, in itself (like taking Iran production out) wouldn’t put too much pressure on the prices. Maybe that’s even why it was chosen to have the strikes now.

In any case, I think the conflict will only make a large impact if it escalates into a regional war that disrupts the production/distribution by other countries too.