Oil prices surge and stocks tumble after Israel attacks Iran

Oil prices jump 7% and stocks drop as Israel-Iran tensions escalate | CNN Business

Vultures in the stock market circling oil. Healthy rational system folks.

3 comments

not yet. if iran closes the strait then oil will go crazy (120$+) and everything will be bad/worse, especially for europeans.
israel and the rest of the jewish supremacists there are fucking insane.
The big US oil companies are going to be happy about this. The main reason the US is constantly bombing or overthrowing oil rich nations is to drive up the price of oil. Everyone always assumes it's about the US taking oil or getting cheap oil when the truth is the US is a major oil producer (a net exporter) who cares more about keeping prices high. The US produces at least twice as many barrels of oil as Saudi Arabia, the next highest producer. High oil prices instead hurt US economic rivals (Germany, France, Japan, Korea, India, and China) that have to import oil to meet their domestic needs.
Ofc politicians bitch and moan, pandering to the US public who unlike the big oil companies are hurt by high oil prices.
- Ofc politicians bitch and moan, pandering to the US public who unlike the big oil companies are hurt by high oil prices
  I was going to say dang you'd think they'd be smart about it and subsidize gas prices so that they're insulated from the effects of this foreign policy on the public while ultimately making oil companies more money but then i remembered they do and gas prices in the u.s. are stupid cheap and people still complain