The article by Milán Mikulecký addresses the various factors contributing to the current state of oil prices, particularly highlighting that the ongoing wars are not the sole reason for increasing costs. It underscores the importance of understanding the supply situation from the Gulf, where approximately 20 million barrels of oil, accounting for 20% of the world's daily consumption, are shipped daily. Mikulecký notes that while Saudi Arabia and the UAE have the capacity to partially offset Iranian restrictions through their pipelines, there remains a significant shortfall in supply that will be difficult to replace in the short term, adding layers to the complexity of the oil market.

Additionally, Mikulecký points out that despite fears driven by media narratives, oil prices have never historically reached $180 per barrel, even during past oil crises. He argues that succumbing to panic and propagating exaggerated figures, such as the Iranian propaganda suggesting $200 per barrel, could lead to self-inflicted economic strain. The implication is that rather than the market alone driving prices, public perception and fear of shortages play a substantial role in shaping economic outcomes.

In the context of global markets, the article serves as a reminder of the necessity for a rational assessment of the situation rather than letting media interpretations dictate reactions. The commentary underlines that addressing real supply issues and remaining grounded in factual information is essential in navigating the current energy landscape, where misunderstandings could lead to detrimental decisions for consumers and economies alike.