u/oranges1965 ·
Reddit — r/StockMarket
· March 09, 2026 at 12:59
· ⬆ 29 pts
· 💬 33 comments
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This could be a very naive comment,but from what I have read The USA is a net exporter of fossil fuels . The America's would be fairly self sufficient. Europe has transitioned from Russian fuels to a combination of American, Norwegian and North Sea oil.
Surely all the exporters and importers have long term contracts .I can't seem to understand how a conflict not even two weeks old can cause so much mayhem.
The current conflict in Iran is holding up 20% of the worlds oil the majority which is heading east .Russian oil is looking for a home . Maybe someone can give me a simple explanation.