- Original Poster
- #1
Then no one's going to send any oil through the straits of Hormuz for a couple of weeks until somebody's Navy can re-establish control."
-- analysts estimate this could push oil prices up towards $150 a barrel. Alternative oil producers such as Russia, Nigeria and Angola might benefit, but rising fuel costs would likely undercut growth everywhere. China, Iran's main export destination, would have to seek supplies elsewhere.
-- Other financial markets would suffer and fall sharply if they believed disruption would be long term.
Do you think this will have a affect on business overall and price increases again on energy?
-- analysts estimate this could push oil prices up towards $150 a barrel. Alternative oil producers such as Russia, Nigeria and Angola might benefit, but rising fuel costs would likely undercut growth everywhere. China, Iran's main export destination, would have to seek supplies elsewhere.
-- Other financial markets would suffer and fall sharply if they believed disruption would be long term.
Do you think this will have a affect on business overall and price increases again on energy?
