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    Oil falls more than 10% to $84 on anticipation of emergency reserves release – CNBC


    My RKT and HOOD LEAPS are up again.

    I *told* you all in a post (that was deleted by the MODS), that Iran was running out of missiles, and this thing might be "over" (for the most part), this week.

    Hope not too many of you regards went Full Port into Oil/Energy, last week.

    PS, gas prices should be down within a week, assuming this holds. There's a 1 week lag, between Crude Oil pricing, and Gas Pump pricing……

    https://www.cnbc.com/2026/03/10/crude-oil-prices-today-iran-war.html

    Posted by Boston-Bets

    32 Comments

    2. HomeMadeToast on

      Can someone explain to a layman – wouldn’t this be just as bullish in the near term because those reserves would need to be replenished while bombed assets need to be repaired?

    3. Straight-Ad6926 on

      Releasing the emergency reserves to fix the price of gas is like using your fire extinguisher to cool down your living room because the AC is broken. Tactical genius.

    4. GringottsWizardBank on

      EU is so cooked. They need Russia back in the global marketplace desperately.

    6. wind_dude on

      “assuming this holds” is the big question. Missiles aren’t needed to keep the straight closed, drones can disable shipping. US has a 20 day supply of US consumption in their strategic reserves. Attacks on US allies in the region don’t seem to be lessening, but things like Saudi Aramco working to bring the east west pipeline to full capacity is promising.

    7. The_High_Life on

      We only have like 400 million barrels stored and we use like 20 million a day how much could this actually make a difference?

    8. zzTopG on

      Run out of missiles sure. There’s still a bunch of other shit they can use to hit tankers.

      Source: 2 tours over there.

      To add, none of this includes another country stepping in.

    12. RealityisBack2023 on

      Another Pump and dump scheme at the cost of American lives and taxpayer dollars.

    13. blowurhousedown on

      That can’t be. I read over 100 times last night on Reddit how oil will be at $150 and stay there and we’re all fucked.

    14. turd_ferguson_816 on

      You’re going to be very disappointed with how this works out long term. This is being manipulated and there is no way oil gets back to “normal” any time soon. Even with reserve releases. 20 million barrels a day is not moving through the straight right now. It’s not going to be for some time.

    16. dylanx5150 on

      We’ll see how cocky you are when we’re still dealing with Iran two years from now.

    19. Disc0Disc0Disc0 on

      Probably deleted because you are acting like its fact theyve run out of missles 🤣

    20. November10_1775 on

      Do you guys not know how oil works? Those fucks manipulate the oil prices below 100 but above 50$.

      Above 100 they’re making record profit but everyone hurting at the pumps so nobody’s buying.

      Above 50 they’re making just enough to still drill and explore. 84$ is right where they want it. The story they feed you is just bullshit.

    21. alemorg on

      Strait of Hormuz has never been blocked. Production in the Middle East has halted or dropped, it takes weeks or months to be operational again. This is a temporary drop in the bucket. People are underestimating the true effects of the conflict. The market panicked simply on the Suez Canal being blocked. This isn’t over yet. Also even if the war to end tomorrow oil prices would still be higher than before and stay there for months, this will effect inflation.

    23. discgman on

      Iran was running out of missiles? Iran makes 800 drones a day at 20k a pop. They still have 10s of thousands hidden in trucks in the mountains. The US shoots them down with missiles that cost a million dollars a piece from a truck that costs 10s of millions of dollars. Now Russia and China is helping them out detect targets in Israel and Saudi Arabia. Then drump dropped sanctions on Russian oil. What is really going on bro?

    27. MrYOLOMcSwagMeister on

      Even if the strait opens (unlikely to happen anytime soon since Iran can throw drones, unmanned boats, unmanned submersibles and missiles at it for months), production facilities have been damaged and will take time to repair. In my completely regarded opinion the market is still in denial

    28. PossessionConnect963 on

      Has little if anything to do with the reserves. Tanker traffic has just straight up already mostly resumed through the Strait.

    29. MarketCharlatan on

      Something tells me this will not be over by end of week. Strait of Hormuz was the nuclear option for Iran and I don’t think they will just rollover now

    31. WarStrifePanicRout on

      Falls 10% on the idea of reserves covering 12% of the actual disruption.

      For approximately 2 weeks of effective coverage at optimistic estimates.

      While the Strait remains closed.

      They’re taking the money guys for a ride and im happily here for it.

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