Israel-Palestine Conflict & Oil Market ๐ŸŒ๐Ÿ’ฅโ›ฝ



- Oil Market Stability๐Ÿ›ข๏ธ: Crude traders said "The current Israel-Palestine conflict isn't expected to directly shake up the global oil market", but this was the case on 3 January 2020 when the USA killed general Qasem Soleimani and tensions started to rise very high, the oil market exploded ๐Ÿ”„๐ŸŒ


- Recent Conflict Developmentsย ๐Ÿš€๐Ÿ’ฅ: Hamas fired missiles at Israel and attempted to infiltrate nearby settlements. Israel responded with the โ€˜Iron Swordsโ€™ operation. ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ”ฅ๐Ÿ‡ต๐Ÿ‡ธ


- Casualtiesย โšฐ๏ธ: Over 600 Israelis and 300 Palestinians have been killed, with many more wounded. ๐Ÿฅ๐Ÿ’”


- Oil Disruption Concerns ๐Ÿ›ข๏ธ๐Ÿšซ: The real threat to oil would be if the conflict expanded to Iran, says expert Bob McNally. However, this seems unlikely. ๐Ÿ‡ฎ๐Ÿ‡ทโŒ๐Ÿ’ฅ


-ย Iran's Roleย ๐Ÿ‡ฎ๐Ÿ‡ท: Iran, a significant oil player and OPEC member, supports Hamas, which initiated the recent attacks. ๐Ÿš€๐Ÿ›ข๏ธ๐Ÿค


- Oil Supply Impact๐Ÿ›ข๏ธ๐Ÿ“‰: Pierre Andurand said - "the conflict might influence oil supply and prices eventually but not immediately".๐Ÿ’นโŒ›


- Iran's Stance ๐Ÿ‡ฎ๐Ÿ‡ท๐Ÿ’ฌ: Iran has publicly backed the Palestinian attack. If Israel retaliates against Iranian infrastructure, oil prices could surge. ๐Ÿ“ˆ๐Ÿ”ฅ


- Iranian Crude Shipmentsย ๐Ÿšข๐Ÿ›ข๏ธ: Shipments from Iran are at a five-year peak. The US might become stricter with Iranian cargo, especially to China. ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ“ฆ๐Ÿ‡จ๐Ÿ‡ณ


- Strait of Hormuzย ๐ŸŒŠโ›ด๏ธ: This critical passage sees 17 million barrels of crude daily. If Iran blocks it, the consequences could be significant. ๐Ÿšซ๐Ÿ›ข๏ธ๐ŸŒ

ย 

- The contrarian โ†”๏ธโ†ช๏ธ : The contrarian thinks different than the masses, most people think nothing will happen or oil prices will go down hard..ย 


Leave a comment