RE: Closing price27 Feb 2026 22:07
Confluence, who buys oil from Iran?
Not the western world that's for sure..
During the last Iraq war, I was loading crude in Basra and I was a cadet with Shell. Trade goes on, no matter the circumstances. If they inflate prices, it's just an excuse. Plenty of oil out there, Iran has a lot don't get me wrong but the world can cope, and the western world doesn't care about the Iranian oil, or the restrictions / force it will impose on it's waters. They will keep on sailing. Whether they use it as an excuse to inflate the price is another thing.