General Discussion

modrepub

(4,056 posts)

7. Oil Market Was Live

Reply to William Gustafson (Original post)

Mon Mar 2, 2026, 05:02 AM

Monday

@ 6pm est Sunday. Currently up about 7%.

No one is moving oil out of the Gulf at the moment. Most insurance that oil tankers need isn’t being offered except at very high mark ups so owners have parked for the moment

So the longer this goes, the more oil piles up. And as supply begins to dwindle, price goes up and maybe someone decides to take a chance and move oil out of the Gulf and then we’ll find out if Iran has already mined the shipping lanes or will attack the oil tankers directly. There’s a reason we targeted Iran’s navy after all.

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BeerBarrelPolka

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