Why an Oil Price Crash Could Be Imminent Despite the Iran War

Mike McGlone breaks down the shocking news about the first-ever closure of the Strait of Hormuz and what it means for the global oil market. While supply disruptions in the Middle East are making headlines, the real story might be North America’s rising oil supply — especially from the U.S. According to McGlone, oil has a strange pattern: When prices surge too high, they can trigger economic slowdown and eventually push prices back down. Is the current oil spike setting up the next drop? #oil #oilprices #straitofhormuz #economy #recession #commodities #energy Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.