My understanding is that, until the hits on Tehrans oil storage sites yesterday, the oil infrastructure has been spared. Nothing that isn't easy to repair.
Ie the price increase we've seen so far os mostly pricing the closing of the staits and the risk of reduced production production is halted due to running out of storage (ie akin to a cpu "pipeline stall".
But Iran got hit badly yesterday, with tar raining on the capital. If Iran retaliates against infrastructure...
Ie the price increase we've seen so far os mostly pricing the closing of the staits and the risk of reduced production production is halted due to running out of storage (ie akin to a cpu "pipeline stall".
But Iran got hit badly yesterday, with tar raining on the capital. If Iran retaliates against infrastructure...