Due to the conflict between Israel, the USA, and Iran, oil exports from the Persian Gulf have practically stopped.

Tankers are not risking passage through the strait, which usually supplies 20% of the world's fuel.

Saudi Arabia, UAE, Kuwait, and Iraq have started to halt production or limit extraction as their oil storage tanks are already full.

➡️ Analysts from Goldman Sachs and Energy Aspects warn that if the situation in the Strait of Hormuz is not resolved soon, prices for oil and petroleum products (diesel, gasoline) may reach historic highs. Last week, WTI oil already showed a weekly increase of 36%.

Gasoline at 100 UAH is a matter of weeks...