Oil is bid over $90, as Iran attacks merchant shipping along the Straits of Hormuz, both Trump and Israel, with no strategic plan on how to end the war with Iran, apart from their 'superior firepower, solves everything' delusion, may need to land invade Iran.
Iran's asymmetrical warfare is in full effect, America and Israel may have air dominance, but Iran controls its coastlines and inland areas which it has essentially turned into a fortress, where they're launching most of their missiles from.
According to the United Kingdom Maritime Trade Operations (UKMTO), there have been 20 attacks ( 6 serious ones) and attempted attacks on Merchant shipping long the Gulf,and the Straits of Hormuz, since America and Israel preemptively attacked Iran, on the 28th February 2026.
The International Energy Agency is about to release, from it's 32 member countries, the biggest amount of oil onto the market in history at an estimated 400 million barrels. Which will take, according to analysts, 120 days to complete, and may not actually replace the Gulf States/Iran shortfall needed to keep oil prices capped at $70. The inflation shock rule of thumb is 3 months at over $80 and inflation, which is hidden via a wonky CPI, will begin to become very obvious for everyone, not just the poor.
Oil is bid over $90, as Israel and America have no strategic plan to end the war, nor are disclosing that a land invasion will be inevitable for both Lebanon and Iran.
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All oil price updates and analysis: chiasmusmagazine.blogspot.com/search/label/oil%20price

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