Keep your eye on the dwindling Barrels... HormuzDiscussed here a year ago... odds of serious oil supply disruption continue to move higher.
Major disruptions lead to major shortages.
Global oil inventories already low.
4.4B barrels on hand. Sounds like a lot but it's not.
43 days @ 102mm daily consumption.
"Wild Oil Price Forecasts: Some Predict $350 if Strait of Hormuz Is Blocked" https://oilprice.com/Energy/Oil-Prices/Wild-Oil-Price-Forecasts-Some-Predict-350-if-Strait-of-Hormuz-Is-Blocked.html We don't want oil too far north of $90wti for extended periods.
Recessions lead to depressions.
Not good for business.