Run Forrest, Run! Oil Prices Jump as Trump Says 'Evacuate Tehran!'

Mama Always Said...

Mama always said 'Life is like a box of chocolates Forrest. You never know what you're gonna get.' And she was right! Just like how I didn't know I'd end up playin' ping pong for America nobody expected President Trump to call for everyone to evacuate Tehran! I heard on the TV that oil prices went up over 2% on Tuesday because of this. Seems like folks are worried like when Bubba was talkin' about all the ways to cook shrimp – lots of ways things can go wrong!

Trump's Truth and Oil's Rise

President Trump he said and I quote 'IRAN CAN NOT HAVE A NUCLEAR WEAPON!' on his Truth Social thingy. And then he said everyone should leave Tehran right away. Well that got the oil market all stirred up! The price of oil went up like Jenny runnin' away from her troubles. Seems like folks are worried about a war and war ain't good for shrimpin' I mean oilin'.

Calm Seas or Stormy Weather?

They say the market is mostly calm but it's like when the weather forecast says sunshine and then it rains cats and dogs. Since Israel started doin' its thing with Iran oil prices are up about 7%. But a fella named Amos Hochstein said the world has plenty of oil so don't worry your pretty little head. It's like when Lieutenant Dan said we had enough shrimp to feed the whole army!

Israel's Strikes and Spared Spigots

Now Israel’s been tappin' Iran’s domestic energy facilities but they ain't touched the ones that sell oil to other countries. Hochstein fella seems to think Israel’s got this under control and Iran can’t do much about it. Makes me think of when I kept runnin' and runnin' and nobody could catch me!

Iran's Oil and a Strait Situation

Iran's a big oil producer sellin' lots to China. But if Israel hit Iran's oil export places that could cause some trouble. And if Iran blocked the Strait of Hormuz – that's a narrow bit of water where a whole lot of the world's oil goes through – Goldman Sachs says the price of oil could go way up maybe even over $100 a barrel! That's more than I ever made shrimpin' with Bubba!

Run Forrest Run From High Prices!

But Hochstein thinks Iran won't do that 'cause it might get the U.S. involved. And nobody wants that right? So it's all a bit like that ping pong game. Back and forth back and forth. Just gotta keep runnin' and hope for the best. And maybe stock up on some extra shrimp... or oil I guess!