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by CodeWriter23 5 hours ago
> "The wind-powered boats could be especially appealing when oil prices have shot up because of the Iran war."

Check of oil prices same day article was published:

WTI $73.51/bbl BRENT $77.57/bbl MURBAN: $70.46/bbl

1 comments

What we see in quotes is not the price of oil being shipped right now; it is usually a one-month futures contract. Traders expect that by this time, Hormuz will reopen. If it does not, they will lose money, but the actual price could be much higher.
Close to the bottom price over the past 5 years is what it is.