Why So Serious? Oil Prices Dip as Iran and Israel Play Nice(ish)!

A Little Drop in the Ocean

Alright alright settle down you beautiful bunch of lunatics! Seems like the black gold rush is taking a little nap. Crude oil futures? Down more than 1%! Can you believe it? All this hullabaloo and for what? Turns out Iran's waving the white flag… or at least hinting at it. They're whispering sweet nothings about a ceasefire with Israel. U.S. crude closed at $71.77 a barrel. Pathetic! Where's the fun in that?

Chaos is a Ladder… or Maybe Just a Price Spike

Remember that delightful little spike? Israel went all kaboom kaboom on Iran's nuclear playground and oil prices jumped like a scared rabbit. A whopping 7%! But now? Poof! Gone. All this talk of 'aerial superiority' and 'material impact'… blah blah blah. It's all just noise people! Noise I tell you! The only thing that's real is the delicious taste of anarchy… and maybe a well placed explosion.

Trump's Two Cents (Worth Maybe One)

Ah the Orange One. He's chiming in of course. Seems Iran's been sending smoke signals through Qatar Saudi Arabia and the whole shebang. They want Donny boy to lean on Israel. 'Talk,' he says 'or else!' Or else what Orange One? More tweets? Seriously this is better than a Batman movie!

Eighty Bucks or Bust!

So will oil hit $80 a barrel? Rystad Energy says 'Nah probably not.' They think Trump wants prices closer to $50. Can you imagine? Chaos controlled by a price point! Makes you want to laugh your acid off doesn't it? They are maintaining that this is likely to remain a short lived conflict as further escalation risks spiraling beyond the control of key stakeholders. Key stakeholders? Hah! Who cares about the key stakeholders?

Boom Goes the Gas Field

Of course there's always the chance of a little… *unforeseen* event. Israel hit some gas facilities. Iran hit an oil refinery. Tit for tat you know? It's all part of the game! And don't forget the Strait of Hormuz. Iran's threatening to shut it down. Now *that* would be a party. Goldman Sachs thinks oil could hit $100 a barrel. Now you're talking! That's the spirit.

Mining for Mayhem

So what's the takeaway my little agents of chaos? The fun might be just beginning. As Helima Croft says this thing could drag on. And if Iran can't close the strait they can always mine it. Tankers go boom! Prices go up! Everyone loses their minds! Isn't that just… *perfect*? After all I'm an agent of chaos. Oh and I look good doing it.