I'm sure you all have seen what's going on in the middle east by now.
This isn't to get political. Rather, it's focus on impacts to the economy, oil supply, and thus it's long-tail impact to EVs.
www.aljazeera.com
The main channel for 1/5 of the world's oil is in the middle of all this. Politicians will say they own it - no, we own it/control it - and so on for as long as this will go on, and the end result is fewer ships making their way out.
The US/Canada don't import a lot of oil from this path to the best of my knowledge.
How much oil does the United States import (and why)? says only about 12% are non-North American imports.
Gas prices have gone up a couple dimes over the past few days but nothing significant.
Will this conflict - if it lasts long enough - drive an impact on the struggling EV market of 2026? Could we see another wave of new owners getting in line to go electric?
What price point does oil/gasoline need to rise to in order to start influencing purchasing decisions?
This isn't to get political. Rather, it's focus on impacts to the economy, oil supply, and thus it's long-tail impact to EVs.
IRGC says Iran in ‘complete control’ of Strait of Hormuz amid Trump threats
One-fifth of the global oil is shipped through the strait, which remains effectively closed amid US-Israeli war on Iran.
The US/Canada don't import a lot of oil from this path to the best of my knowledge.
How much oil does the United States import (and why)? says only about 12% are non-North American imports.
Gas prices have gone up a couple dimes over the past few days but nothing significant.
Will this conflict - if it lasts long enough - drive an impact on the struggling EV market of 2026? Could we see another wave of new owners getting in line to go electric?
What price point does oil/gasoline need to rise to in order to start influencing purchasing decisions?
