Liberal Forum

JohnnyYou » 14 Apr 2026, 2:58 pm » wrote: ↑

14 Apr 2026, 2:58 pm

Your a phucking idiot..  The price went down because the blockade is NOT working..  China blew on past it.
 



 

AI Overview

il prices tumbled on Tuesday, April 14, 2026, with U.S. crude falling nearly 8% to below  and Brent dropping over 4% to around $88, driven by renewed hope for diplomacy to ease tensions between the U.S. and Iran. Markets reacted to potential peace talks, which eased fears of a total blockade in the Strait of Hormuz. 

Key factors for the drop include:

• Diplomatic Hopes: The White House signaled potential for a second round of talks with Iran, cooling fears of an immediate, severe supply disruption.
• Market Correction: Traders noted that prior price surges had already priced in much of the disruption, leading to profit-taking and a reversal as conflict risks seemed to subside.
• Reduced Supply Risk: The market adjusted on hopes that the key oil transit route through the Strait of Hormuz might remain open, reversing previous gains built on rising fear.
• IEA Outlook: The International Energy Agency (IEA) weighed on the market by cutting global oil demand growth forecasts, according to.