Experts Predict $200 Oil Barrels If Iran and US Enter War

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Military conflict between the United States and Iran would threaten to shut the world’s busiest seaway for oil exports and send crude prices to all-time highs, perhaps even to $200 a barrel, according to one analyst.

Iran’s leaders this weekend threatened to shut the strait, the world’s most important seaborne transit lane for oil.

The comments appeared to provoke a response from President Donald Trump. President  Trump on Sunday night warned Iranian President Hassan Rouhani on Twitter that his country would “SUFFER CONSEQUENCES THE LIKES OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE” if Rouhani ever threatened the United States again.

 

Read more at CNBC.

{Matzav.com}

5 COMMENTS

  1. I don’t understand if we own so much oil why don’t we use our own and the Hell with the world and their prices. Why can’t we just make our own price, since it is ours, and leave it as it is, and the rest of the world can do with what ever they have with what ever they want to do with? Just asking??

    • Because it would/could interfere with the calving of Alaskan porcupine caribou. The porcupine caribou is NOT an endangered species. Don’t you know that the mating season for caribou is more important than the United States becoming self sufficient and not have to rely on rogue terrorist Nations?! Come on, where have you been?!
      The price of oil has nothing to do with Saudi Arabia or Iran. HKBH has/is supplying so much oil B”H, that they don’t know what to do with it. It has everything to do with greedy commodities traders!

  2. Yeah, post #3, if we were told a week or two ago that the U.S. was the biggest oil producer in the world last year, let those arabs ‘praigel’ in their own oil! Let them be the world’s biggest french fry producer! Keep their lousy oil!

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