"I think that most people who are focused on oil prices right now think that if this happens tonight, you're looking at much higher oil prices and for a very long time."
"As it relates to oil, you know, if in fact, not only do we lose the Strait and effectively have this retaliatory effort, you could see oil prices go up by two and threefold and for an escalated period of time."
"So you're seeing these comments from the president, I think there's a real question about whether you can go from being we can go from potentially being the victim of Iran to, depending on how this is executed, to being a villain."
Andrew Ross Sorkin warned that President Trump's threats to strike Iran's civilian infrastructure could cause oil prices to triple. Trump stated that a civilization would die if a deal was not reached by his deadline. The situation escalated after joint U.S.-Israeli attacks affected the Strait of Hormuz, leading to rising oil prices at $100 per barrel. Sorkin emphasized that if Trump's threats are executed, oil prices could rise significantly and for a prolonged period, raising broader geopolitical concerns.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]