It looks like there will be a worldwide oil shortage as the Iran war has backed up supply, forced buyers to drain reserves, and has no real end in sight. It seems that this would hit emerging markets the most. Yet, they are back to pre-war levels. What am I missing here?
Emerging Markets and the Upcoming Oil Crunch
byu/EmuFit1895 ininvesting
Posted by EmuFit1895
1 Comment
Sanctions on Russian oil have been lifted. Shows that Trump will do anything to protect the stock market. If SPY goes to 650, USA will end the blockade for “humanitarian” reasons or some other BS.