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Oil is picking up gains as President Trump hardened his tone against Iran.
Yahoo Finance· 2026-01-30 00:06
If strikes do happen, what are, you know, possible implications for oil markets we need to think about. >> Well, I think you'll see an immediate risk premium apply. Oil prices will jump right away, even if barrels are not taken off the market, just on the risk alone.But the key thing to watch with Iran is the straight of Hormuse. 20 million barrels per day of crude and other petroleum products go through there. That's about 20% of all global maritime trade of crude.It's a huge global choke point. Iran large ...