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US war on Iran | Megathread for Week 12 of 2026 (lemmygrad.ml)

submitted 4 months ago* (last edited 4 months ago) by rodent@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] o_d@lemmygrad.ml 0 points 4 months ago

As of writing, the price of a barrel of oil from Oman is $153. This is much closer to reality than Brent Crude which, as I understand it, is a futures contract and vulnerable to market manipulation and speculation. $200 per barrel isn't that far off. Even if the war ended tomorrow, we could still see this happen since it takes time to ramp up production again and a lot of infrastructure has already been damaged or completely destroyed.