If the US and Israel resume strikes, how will Iran respond? Bombing Gulf oil fields with hundreds of missiles daily and blocking the Mandeb Strait once again.
Experts say there will be no prolonged conflict, but rather a "short and intense" campaign — dozens or even hundreds of missiles launched daily targeting oil fields and ports in the Gulf, dragging Saudi Arabia and the UAE into the war. Not enough? The Strait of Mandeb could then be blockaded, further disrupting global trade routes. This is Iran's prepared response.
"NACHO trades" are gaining popularity! Following Goldman Sachs, Bank of America also believes that oil prices will remain at the high level of $90 this year.
The deadlock in the Hormuz crisis persists, with Goldman Sachs and Bank of America successively setting their year-end Brent crude oil price target at $90 per barrel. The head of Bank of America research has further warned of a daily supply shortfall of up to 15 million barrels. June has been identified by multiple institutions as the "tipping point": if the blockade continues, oil prices may surge beyond $130 per barrel, pushing the average U.S. gasoline price close to the $5 per gallon threshold for demand destruction, coinciding with the peak summer driving season.
Express News | Venezuela's Oil Minister: The interim government hopes for the return of foreign investment to the energy sector.
Don't Worry About Risk Assets Coming Under Pressure Just Yet, Deutsche Bank Says
Details of Iran's latest peace proposal have been revealed, with its core demands reportedly remaining largely unchanged.
Iranian state media reported on Tuesday that Iran has submitted a new peace proposal to the United States, calling for a comprehensive cessation of hostilities across all fronts—including in Lebanon—and demanding the withdrawal of U.S. forces from areas surrounding Iran, as well as war reparations from the U.S. for damages caused by joint U.S.-Israeli military operations.
Oil Little Changed as Traders Await Breakthrough in U.S.-Iran Negotiations -- Market Talk