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Energy Infrastructure Strikes Drive Global Price Shock
- Eric Bolling warns hitting oil and gas infrastructure in Iran triggers global price shock and sustained higher fuel costs.
- He cites South Pars strike, retaliatory hits on Gulf refineries, and shipping hesitancy through the Strait of Hormuz as the transmission mechanism.
Plan For Months Of Elevated Fuel Costs
- Prepare for gasoline near $4–$5 per gallon and plan for months of elevated energy costs if Gulf production stays offline.
- Expect refinery retooling delays and producers to slow-walk ramping output, keeping prices high for 30–45 days or longer.
Brent-WTI Spread Signals Regional Supply Fracture
- Brent and WTI, normally within $1–$5, have diverged to $16–$17 per barrel amid regional disruptions.
- Location, transport constraints and blocked Gulf routes explain outsized European price spikes compared with U.S. WTI.