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This week, oil made a violent jump: the barrel went from around **$71** to over **$90** (Brent) after US-Israeli operations on several Iranian military sites and Iran's missile retaliation on US bases in the Gulf (Qatar, Kuwait, UAE, Bahrain). The market reacted instantly: * Massive geopolitical risk premium → extreme volatility in just a few hours * Tankers on hold or rerouted → flows disrupted * Hormuz still under high tension (20-21% of global oil passes through there) → any …
— ORIGINAL POST ·
Oil from $71 to over $90 in one week after US-Israel strikes and Iranian retaliation – geopolitical shock or the start of a real supply squeeze?
· r/investing
· Mar 9, 2026