Energy · Press release
Joseph Grinkorn Foresees U.S. Energy Dominance and $25 Oil if Strategic Control over Iran's Oil Facilities Is Achieved
Grinkorn argues that U.S. control over the Strait of Hormuz would remove oil's geopolitical risk premium, and sees crude eventually falling toward $25 a barrel.
Key points
- About 21 million barrels of oil a day, roughly 21% of global petroleum liquids consumption, pass through the Strait of Hormuz, the release says, citing the EIA.
- At its narrowest the strait is 29 nautical miles wide, with tanker channels about 2 miles wide.
- Only about 3.5 million barrels a day of unused pipeline capacity can bypass it, and about 19% of global LNG trade also passes through.
- Grinkorn's thesis is that U.S. control would remove the risk premium priced into oil, and that crude could eventually fall toward $25 per barrel.
- Cheaper energy would act like a tax cut for consumers and businesses, ease inflation, and reduce the leverage of hostile regimes and cartels.
Original release
This is a summary of a press release issued by Morris Group and published by AB Newswire · FinancialContent on August 4, 2026. Figures are as stated in the original release.
Read the full releaseViews expressed are those of Joseph Grinkorn, are forward-looking, and do not constitute investment advice or an offer to buy or sell any security.
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