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Kevin O'Leary: Stable oil flow through Strait of Hormuz seen as worth billions
Kevin O'Leary argues that ensuring safe passage for oil shipments through the Strait of Hormuz could be worth billions to global markets.
He emphasizes that certainty and reduced risk drive price stability, especially when 21% of the world's oil is at stake. According to O'Leary, markets are willing to pay for the assurance that this critical energy corridor remains secure.
O'Leary has previously projected oil prices to stabilize between $60 and $70, citing energy's central role in shaping the economic outlook here. He has also discussed the risk that $95 oil over several months could push U.S. gas prices to $6-7 and heighten concerns for American consumers, especially given geopolitical risks linked to the Strait of Hormuz here. These comments follow ongoing market focus on key energy corridors.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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