Saudis Lower Most Oil Pricing as Iran Threatens

The video discusses the anticipation of US inventory data and its impact on the oil market, highlighting a potential draw of 5 million barrels. It covers Saudi Arabia's recent oil price cuts and production increases, possibly influenced by President Trump's tweets. The discussion also touches on Iran's threats to close the Strait of Hormoz as a negotiation tactic. Finally, the video explores future oil price trends, suggesting a potential rise to $80 per barrel despite Saudi Arabia's production efforts.

What are the implications of Iran's threats regarding the Strait of Hormuz?

What is the predicted trend for oil prices in the coming months according to the discussion?