Ian Cooper’s Weekly Wrap-Up June 23, 2023
In this video you will hear from Ian Cooper. He’s been closely monitoring the impact on oil prices following the recent events between the US and Iran. As you know, Iran stated they would respond, which could potentially affect the Strait of Hormuz, a crucial passageway for 20% of global oil supply.
While we initially anticipated a significant increase, oil prices are currently up by a modest $0.79 this morning. However, we believe a more substantial spike could still occur, especially if Iran retaliates further.
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