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Re:Trump announces two-week ceasefire as Iran says talks to ... by greedo on Wednesday April 08, 2026 @10:21AM (#47690634)
Oil is fungible, so the cost will find an equilibrium regardless of source (excluding quality differences).
Re:Trump announces two-week ceasefire as Iran says talks to ... by hattmall on Monday April 13, 2026 @11:18AM (#47753278)
Well that depends on a supply of tankers to transport the oil though. The tanker availability is already constrained. If hundreds are trapped in the strait and transit there is slowed you lose a lot of capacity. So the fungibility drops. It's possible we see demand destruction in areas that maintain their price due to export.