Oil prices still volatile over fears Iran war may drag on | BBC News
UK and US stock markets rose but Asian indexes tumbled on Wednesday as oil and gas prices remained volatile over fears the US-Israel war with Iran may drag on.
The FTSE 100 index of the largest firms listed in London as well the big US and European indexes all rose on Wednesday following two days of sliding share prices, while several Asian indexes plummeted for a third day.
Oil and gas prices dipped on Wednesday but were still much higher than when the conflict started, after shipping traffic was virtually halted from travelling through a vital waterway near Iran.
Experts have warned that if oil and gas prices remain elevated it could make goods and services more expensive.
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27 Comments
Bottom line is who controls the flow through the straight of Middle east Oil/Gas out and food to the Gulf Cooperation Council (GCC) in. IF the UK/France/Germany join the war will Russia and China join in with Iran. Both the GCC and Iran have water supply that can be easily shut down. Long way for this war to go.
The Trump-Epstein war was inevetable.
This is Trump's way to support alternative energy.
Get ICE off our streets – Drive an EV.
"You have never had it SO GOOD!" – Donald J. Trump
The U.S. can not make the Strait of Hormuz safe for maritime vessels. It's within range of most conventional artillery guns of which the Iranians have many thousands.
Even with Insurance.
Oil tanker is not like car where you mass produce it in short time …
Only China is allowed only
Stop the war.
Trump will release ALL of the oil from the U.S. Petroleum Reserves, the biggest reserves in the world by a thousand percent. And he's issuing Trump Gas Cards, to every legal American, in two weeks.
BLAME TRUMP & NETANYAHU ❗️🤬
Pootin, got any spare oil?
Our Middle Eastern supply is cut off!
The US gasoline price at the pump is going to $5 per gallon!
It doesn't take much for petrol stations to put their prices up here in the UK already🤑🤑🤑bet they're not the only ones profiteering from the first 6 days
Sally here with us is doing some very strange face… 0:03 did she just swallow some lemon
England has su support our masters Bibi and Donny in operation Epstein fury. School girls bombed, english lives and budget and higher oil prices at the pump are a small price to pay to protect our two more beloved leaders
Iran is being incredibly smart, hitting the resource centers like gas and oil, forcing the gulf to close off to ships, attack data centers and alike, attack the Middle East's water supplies. The US won't win this. They're shooting down $50k drones with $1m+ missiles. Spending an estimated $1B a day. A DAY. Iran "lashing out" is genius really. They can't fight back, but they sure can disrupt the global economy to force the US to stop.
This Epic Fury is costing US taxpayers $1B? So much for DOGE.
More hassle then its worth this War
$300 dollar a barrel?
bbc, pay me to make oil rain from clouds and flow like river
The orange idiot will make the strait great again, and rename it to the Strait of America
Any excuse to raise prices, but never wages
Catastrophe !!! 😟😟
Trump makes the entire world unaffordable again. 😟😟
Dubai safe country in the world , I love ❤ dubai
Who attacked who first? 🙂
So, the u.s wanted more and cheaper oil/fuel, Flump fooked up snatching the Venezuelan oil, as Exxon etc said it wasn't any good, so now causing a cut off of middle east oil/fuel, so countries will be dependent on the oil he snatched from Venezuela … Until he can control the oil supplies from the middle east …
And now the maniac is stating he should have the say on who controls Iran …
Pass the snacks, this is gonna be a long phuckin year !
0:10 Attack ships on fire off the shoulder of Orion.