
Gin and Juice... and Crude Oil?
What up my peoples? Snoop D O double G here droppin' some knowledge on ya. So peep this: oil prices took a little dip right? After they went all the way up like a rocket ship thanks to all that drama poppin' off between Israel and Iran. West Texas Intermediate went down 11 cents landing at $68.04 a barrel. Brent dipped 41 cents settlin' at $69.36. Fo shizzle.
War Drums Beatin' Like a West Coast Beat
Now why the sudden spike you ask? Word on the street was Israel's thinkin' 'bout goin' solo on Iran like rollin' up a blunt without offerin' it 'round. That's heavy man! Folks got nervous about the oil supply gettin' messed with and prices jumped like they heard 'Drop It Like It's Hot.' But then they came back down smooth like my flow.
Trump Talkin' Tough Doggfather Style
Even the big boss Trump weighed in sayin' an attack 'could very well happen.' He's all like 'Iran can't have the nuke!' Sounds like some serious bidness ya dig? Meanwhile the State Department's pullin' peeps outta Iraq and the Pentagon's lettin' military families bounce from the Middle East. It's gettin' real out there for real.
Strait Up: Hormuz Hazard?
Now here's where it gets extra sticky. Some smarty pants at JPMorgan this lady named Natasha Kaneva is sayin' oil could skyrocket to $120 a barrel if Iran shuts down the Strait of Hormuz. That's where like 30% of the world's oil flows through! That's a whole lotta green y'all.
Don't Believe the Hype... Yet
But hold up hold up! Kaneva also said the chance of that happenin' is low. She's like 'Chill Snoop. They've been threatenin' that for ages but the oil keeps flowin' like gin and juice at a West Coast party.' So maybe we don't need to panic just yet my friends.
Stay Cool Fo Shizzle
So there you have it my brothas and sistas. Oil prices doin' the Snoop Dogg slide up and down thanks to all this international drama. Keep your eyes on the news stay informed and remember 'If you stop at general math then you're only going to make general money.' Word. Now if you'll excuse me I'm gonna go blaze one and watch the sunset. Peace out!
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