I am majorly invested in the global market and politics and my dad works in finance and is also invested although in more niche fields then me. I have been following the hormuz conflict and believe that the media has been downplaying the effects and that a mix of strategic planning and flooding the market as well as the slow pace of oiltankers has kept us from feeling the brunt yet. I believe that at some point in this conflict the average oil price in major urban areas like New York, Boston, and Philly will hit 5 dollars a gallon and will have a major shock on their economies considering the constituents financial position. A big part of my argument is that even if the conflict stops now supply will be slow to start. Do you believe that oil will hit 5 dollars a gallon? Would major global powers be able to curb the prices in the long term through stategic media and oil control? Are we feelign the brunt of or a Major part of the shock or have we only started?
P.S. I bet a fridge full of icecream for a month for this so I am majorly invested