Phyrex
Phyrex|Oct 22, 2026 17:48
Based on recent data, there is indeed a significant amount of information indicating that the amount of oil passing through Hormuz has returned to pre war levels. However, why is the traffic volume returning to war but prices still at a high level? The main reason is that transportation is not safe now, especially in the past two weeks when Iran has been attacking oil tankers passing through Hormuz. The high transportation and insurance costs have been the reason why oil prices have remained high. In the recent week, almost every day the WTI has exceeded $100. This is not an excuse that Iran can make up. It is mainly due to the inaction of Trump and most countries. Even now, Iran has exaggerated elements, which is no different from Trump's previous unilateral declaration of victory. I think it was the same before the election. Trump has no better way to deal with Iran. Iran will spare no effort to push up the oil price in order to prevent the Republican Party from winning. One @ Gate, trade more markets
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