TSX:AX.PR.E - Post by User
Comment by
EstevanOutsideron Oct 03, 2024 11:03pm
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Post# 36252719
RE:RE:CORRECT ME IF I'M WRONG
RE:RE:CORRECT ME IF I'M WRONG i dont think israel will hit iran's oil personally. the regime has literally been decimated. have been following the lebanese issues for two decades and this strike was a wipe out of hezbollah. just dont see them recovering from this. people are turning on iran. china is the only buyer of iranian crude en masse and they want low prices. biden wants low prices. opec allies (iran's neighbors) mostly hate them. the new president is desperately trying to talk down conflict because he knows.
i also think the market is not short oil at all. oil outlook not good in 2025. even trump if he wins wants to make iran a deal, nobody is talking about getting rid of iranian oil.
netanyahu trying to woe the anti khoeminist, so he wont hit civilian infrastructure in my view.
my 2 cents.