The War on High Oil Prices has Many Fronts
Oil flows out of the Strait of Hormuz have risen significantly. But oil prices have stayed high, largely because the risk of an Iranian missile attack has stayed high too....
By Gerry Doyle · Bloomberg
Oil flows out of the Strait of Hormuz have risen significantly. But oil prices have stayed high, largely because the risk of an Iranian missile attack has stayed high too. Refining capacity, meanwhile, has fallen off--also because of missiles. In conclusion: missiles.