Bro I wish I had a job at Bloomberg easy money.
There's lag phases. 3 months we looking at $175.
that cost would start to correlate to how willing a sailor and his captain is willing to traverse that strait. At ~90 a bbl it's not worth the risk.
AI algos cooked the market last week on headliners, but if this is mined it's done. We're looking at least 6 months of no supply, ands there will still be mines.
quotingDay 13 of the Strait of Hormuz closure.
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Iran's new Supreme Leader: It STAYS closed.
Bloomberg model says brent hits $165 if it lasts 3 months.
