alt Hacker NewsThe main point of news I heard was that the Iran infrastructure the US destroyed, in a time where they are allowed to repair it and not just get bombed again, will take three years to repair. Oil prices don't get "cheap" again this side of 2030. Not to mention that there is a bunch of Russian infrastructure that is still on the chopping block to be destroyed by Ukraine as that war continues. Which has the same time it takes to rebuild issues.
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Is that the timeline in general for any repairs in the region? 3 years?
Russian infrastructure isn't affecting oil prices.
The Russians are losing refineries, not oil fields.
The Russian crude trade to countries like India pushes the price down globally, but limits Russian access to refined fuels and products.
It also limits their ability to fund the war.
And it's not just Iran now: Saudi pipelines and facilities are being hit too.
The longer this stupid war continues, the worse off everyone will get (well, except oil executives and shareholders, I guess).
Iran infrastructure is a non-issue, they have been heavily sanctioned for years. The issue with Iran is they are stopping everybody else in the region from exporting oil.