Oil Price16 Apr 2026 20:39
Knowing that the Hormuz Strait is unlikely to open again, properly, for several months at least, and even then the Mines laid have not been cleared yet, tnhe Market is deluding itself if it thinks the crisis is over, It ISN'T and the Oil price currently doest not reflect this. Is the market stupid ?. Yes. I think Oil price should still be far far higher. In any event I think the Geographics of where Oil will be sourced in future is changed forever, which is good for ECO et al. Personally I think what, unfortunately, will happen is that a Tanker will hit a mine going through Hormuz,sink and cause absoluet mayhem.