Why Oil's Future Is So Unpredictable
Bloomberg Television·2026-03-13 17:11
- We've seen thousands dead in Iran. We've seen US service members killed and injured. It was just an excursion into something that had to be done beyond the humanitarian catastrophe.The Iran War has really highlighted the critical nature of the supply that the Persian Gulf provides of oil to the world. - Oil hits triple digits oil, flirting with $120 a barrel. It's a very oil-rich region.The Strait of Hormuz accounts for about a quarter of the world's seaborne oil trade. - This report suggests Iran is begi ...