Trump reviewing Iran’s latest offer as oil markets weeks away from ‘tipping point’

TalkTV host Mark Dolan discusses the global crude oil reserves and how they are reaching a “tipping point”.

“It’s interesting, this is a war between Israel, America and Iran, but we are all fighting that war, including your viewers in Australia, because of the cost of fuel, and it’s going to get worse,” Mr Dolan told Sky News host Paul Murray.

“So, we’ve got the end of May for a tipping point for global crude oil reserves, at which point the prices spiral.

“By the end of June, we are done, there’s no more oil, and what that means is a summer of hell potentially.”