Oil Prices Jump 10% to $76 After Israel-Iran Military Escalation
Key Points
- If oil hits $120 per barrel, expect your grocery bill to ris...
Malaysian analysts just dropped some delightful news: if oil hits $120 per barrel, your grocery bill is about to get 10% more expensive when crude reaches $110. Because apparently, when countries start launching missiles at each other, your breakfast cereal becomes a luxury item.
Here's the math that'll make your wallet weep: roughly 20% of the world's oil squeezes through the Strait of Hormuz daily. That's like having your entire neighborhood's water supply controlled by two feuding neighbors who really, really don't like each other.
When Geopolitics Meets Your Gas Tank
Oil prices alre...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.