The surge in oil prices is the most direct reflection of the current international situation. After all, life can do without gold, and can do without Bitcoin, but it really cannot do without oil. This is a tangible strategic resource. Iran's blockade of the Strait of Hormuz, although described as control, has many oil tankers unable to pass through and only able to drift outside. This is the reality. Therefore, the rise in oil prices is predictable and understandable. However, the fact that prices can rise so much and continue to do so has exceeded many people's expectations. This also indicates that this war may not be resolved in the short term. This makes us pacifists feel very anxious. Regardless, we still hope to resolve the dispute as soon as possible and bring peace to the world.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
LuYongvip
· 7h ago
This is also a test for those countries that do not produce oil and rely entirely on imports.
View OriginalReply0