Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

[WSHazel]

4. That is oil company propaganda

Trying to justify higher prices for months. I don't believe them. I think the blockade was lifted because so much oil and LNG was getting around the blockade that the blockade became pointless other than to raise costs for Trump's Gulf State allies. Qatar and Saudi Arabia make most of Trump's decisions in that part of the world.

Oil companies want you to think that oil prices need to be high, but with the Strait open, and the rapid adoption of alternative energy, oil producers are in a rush to pump out as much as possible. There was already an oil glut this year, and it is getting worse if you are a producer. Also, oil was trading closer to $60/barrel than $70/barrel prior to the wall, and many experts were predicting prices in the 50's by Q4.