Economy Talk
Brent did a full round trip to $72 and I made a little poem about it
Oil went up past $100, nearly touched $120, everyone told me it was the new normal. Now, as the GONOM post says, Brent is back around $72, below the pre-war level, as Hormuz reopens and the peace deal holds.
So, a short economic poem:
Oil went up, the experts spoke,
Oil came down, the experts spoke again.
My petrol station's price board
Has not yet heard the news.
Thank you. I'll be here all week. Also I'm genuinely relieved, for everyone in the region most of all.