"The price of physical Brent oil cargoes will spike to $150 to $160 per barrel when inventories hit all-time lows in coming weeks, the executive said. “When the price gets to a certain level, demand destruction brings it back into balance,” he said."
[Exxon warns oil inventories will hit dangerously low levels due to Iran war](https://www.cnbc.com/2026/05/28/oil-inventory-exxon-strait-hormuz-iran-war.html)
Dumb Bers will read this article and double down on their puts.
Oil up or down, Iran war on or off, Hormuz straight or gay, the market only knows one direction...
UP
Calls on oil futures.
