Global crude prices lift CPO exports but raise domestic cooking oil costs. Biodiesel mandates compete with food security. Households bear the burden.
Browsing: Prices
Worst-case oil scenario: 15M bpd lost, global storage depletion would cause recession. US underestimated Iran.
The well-known secret partner in US war decisions: gasoline prices. Pump determines war’s duration.
US energy prices were rising before Iran war: demand surge, supply tightening, policy failures.
Don’t panic over oil prices—yet. The real threat is prolonged disruption of the Strait of Hormuz, which could force an early end to the campaign.