"It's not over yet," adding, "Hormuz, Mandeb, oil at 100 ... it's getting worse. "

"We remain of the view that oil prices could potentially take out the Russia/Ukraine oil price highs of $128/bbl in 2022 or even the 2008 peak of ..."

The bigger risk comes when China stops drawing on its strategic stockpile...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

"It's not over yet," adding, "Hormuz, Mandeb, oil at 100 ... it's getting worse. "

"In the previous round of escalations, negotiations were initiated once US gasoline prices reached $4.20 ..."