Holy Moly! Oil Prices Go Bonkers Because of a Big Fight!

Uh Oh Trouble in the Middle East!

Right so there's a bit of a kerfuffle going on between Iran and Israel. It's all a bit like when Teddy goes missing – a right old panic! Apparently they're throwing missiles at each other like I throw custard pies at Mrs. Wicket's cat. And now everyone's worried about the oil! You see these countries are near where they get all the petrol from. And if they keep fighting it might make petrol very very expensive! Like when I had to pay extra for parking because I forgot my money. Disaster!

Trump's Telling Off!

Donald Trump who looks a bit like a very orange teddy bear is telling everyone to behave. He wants Iran to say 'sorry' with 'unconditional surrender' whatever that is. Sounds a bit like when I accidentally painted Mrs. Wicket's car pink and had to apologise like a hundred times. He also has said that his patience is wearing thin which is a bit like when I try to build a sandwich with too many fillings!

The Strait of What Now?

Now get this there's something called the 'Strait of Hormuz'. It's a bit like the narrow bit in my trousers after Christmas dinner. It is a super important place for ships carrying oil. If Iran blocks it – Oh Dear! – it would be a catastrophe like when I glued my head to a bucket! No more petrol for anyone! We might have to start using bicycles again! Not that I do of course my Mini can go anywhere!

Bombs and Petrol: A Sticky Mess!

So some oil places have been hit. Bang! Crash! Wallop! One place in Israel got a good whack and Iran had to stop making gas for a bit. It's all a bit like when I tried to cook Christmas dinner and ended up setting the kitchen on fire. The smarty pants people at oil companies TotalEnergies Shell and EnQuest said this could mean big problems for everyone. 'It is a roulette' whatever that means!

Is it going to cost more or less?

The article also says that the price of petrol has been going up and down like my underpants when I go on a rollercoaster. And that someone said the risk is like $10 per barrel whatever a barrel is. I don't know what's going to happen. Maybe the price will go super high like when I tried to sell Teddy for a million pounds!

What Happens Next? Fingers Crossed!

So someone called Stephen Schork said that if things get really bad petrol prices could go even higher which would be a big disaster like when I lost my passport before going on holiday! And he said there is a 5% chance it will get too expensive. 5%? That's like when I tried to do DIY and ended up with a 5% chance of it actually working! Oh Dear...