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Sauds cannot sell oil anymore. At least for a period of time. Yemen will make sure that EU pays the price.
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Macron Calls for Another Emergency Oil Release as Europe Loses Supply | OilPrice.com
French President Emmanuel Macron is calling the G7 back to the table to discuss another release of emergency oil stocks as Europe loses Saudi crude deliveries and diesel prices push deeper into record territoryoilprice.com
what will happen if this situation keeps one more year?
because reserves are not endless
conflict is not over
and pipelines are easy to blow up quickly again with cheap drones, after long and expensives repairs.
Difficult to predict but at this point, it seems possible that Isr-USA have decided to intentionally push the world in this direction. Maybe USA genuinely does not care about its Eurozone allies, will leave them to the collective fate of Russian influence and Hormuz oil blockade, while working on its Monroe type solution for the Americas. Already, nearly ALL of South America, including the key oil hub of Venezuela, has been quietly converted into a USA service module. I don't believe that USA is as reliant on Hormuz as others are, which is, oddly enough, what Trump himself has been saying for months. The gasoline price rises suggest the converse though but that's because pricing of oil as a commodity remains "global".
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Macron Calls for Another Emergency Oil Release as Europe Loses Supply | OilPrice.com
French President Emmanuel Macron is calling the G7 back to the table to discuss another release of emergency oil stocks as Europe loses Saudi crude deliveries and diesel prices push deeper into record territoryoilprice.com
what will happen if this situation keeps one more year?
because reserves are not endless
conflict is not over
and pipelines are easy to blow up quickly again with cheap drones, after long and expensives repairs.