Luke1802
04-19 14:53

Oil pushing to $120 on Iran US tensions is definitely possible, but it likely depends on escalation rather than just ongoing noise. The market has already priced in a risk premium, so further upside needs a real supply shock like disruptions through the Strait of Hormuz or a significant hit to Iranian exports. Without that, prices can spike on headlines but usually pull back quickly. So $120 is realistic as a short-term move if things worsen, but hard to sustain unless the conflict materially impacts global supply for an extended period.

US-Iran Conflict | Would Hormuz Blockade Escalate Oil to $120?
After a 21-hour marathon negotiation, the U.S. and Iran moved from “disagreement” straight to a complete breakdown. President Trump announced a U.S.-led blockade of the Strait of Hormuz, a move that has shattered all of the market’s pricing assumptions over the past week. If the U.S. blockade holds through April, will the Fed be forced into a "Hawkish Pivot" that resets Nasdaq valuations? In the clash between Trump’s "Execution Strategy" and Iran’s "Time-Wasting Strategy," who blinks first before the $120 threshold?
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