There is also no *reason* for prices to go down. The only reason prices will actually fall is if there is a glut of oil and supply needs to be reined in. This is unlikely in the near future!

April 10, 2026 - 16:34 UTC

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A ton of physical oil infrastructure has been destroyed. With control of the strait still contested and oil demand structurally falling due to electrification, why should the Gulf states bother spending their money to get up to pre war production levels (when there was a pre war glut anyway?)
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Wouldn't you rather sell one barrel of oil for $100 than two barrels of oil for $50?
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