#oil-crisis

#oil-crisis

They don't know what the hell hit them! ... They said: What the hell is happening?! Much of the world is asking the same question. While Trump and Israeli prime minister Benjamin Netanyahu starting a war with Iran can't have come as that much of a surprise globally, the far-reaching shockwaves of the war - which now involves the militaries of at least 20 nations, is triggering an unprecedented global oil crisis, and seems set to drag on for an indeterminable amount of time - clearly have.

The longer this conflict goes on, the more effect it will have on the cost of oil. Any time Brent Crude passes $100 per barrel raises concern across the markets, for the haulage industry and drivers. There will be gradual increases in pump prices, but this shouldn't happen overnight, as fuel has been purchased at previous prices.