'Everybody Chillax And Let This Thing Play Out,' Says Kevin O'Leary. He Says The Whole World Is Feeling It And That Means A Deal Is Coming
Kevin O'Leary is urging investors and everyday people to take a breath as global tensions push oil prices higher and markets into uncertainty. His message is simple: don't panic.
“Everybody chillax and let this thing play out,” the investor and “Shark Tank” TV personality said in a recent Fox News interview, framing the moment as a short-term disruption instead of a long-term crisis.
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Global Pressure Could Force A Resolution
O'Leary emphasized that this situation is different because nearly every major economy is directly affected. “Every nation has stake in the game,” he posted on X, pointing to the U.S., China, Japan, Europe and countries across the Middle East.
That shared pressure increases the likelihood of a resolution. “It's in everyone's best interest to get a deal done sooner instead of later,” he said.
He thinks that the recent developments involving countries like Saudi Arabia and the United Arab Emirates are evidence that something new may be unfolding. “Only a week ago, we did not have UAE, Bahrain, Saudi Arabia talking about finally ending the status quo,” O'Leary said on Fox News. “This is brand new information.”
Markets, he added, are already reacting to that possibility. “What the market smells here is a new world order where this is finally settled and capital can go back to work,” he said.
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Oil Prices Reflect Uncertainty, Not Reality
O'Leary also addressed rising oil and gas prices, saying that they’re being driven by uncertainty about the future instead of actual supply shortages.
“The price of oil is based on where you think it's going to be in the future,” he said. Traders are currently weighing whether to sell oil at elevated prices or hold out for a potential drop if tensions ease.
“Do I sell it now today at an inflated $90 price? Or do I take the risk this thing gets settled in the next week and watch it go back to $77?” he said on Fox News.
While acknowledging that consumers are feeling the pressure, O'Leary downplayed long-term risks. “They are living through some pain, but it is short-term,” he said.
He also pushed back on recession fears tied to energy costs. “To affect the U.S. economy, you need oil at above $93 for three months,” he said. “We're only one third into it.”
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Why He Sees A Big Opportunity
Despite the volatility, O'Leary said the current moment could present a major investment opportunity.
Countries in the Middle East are eager to restore stability so they can continue growing sectors like tourism, infrastructure and technology.
He believes that once tensions ease, global trade will accelerate quickly and the U.S. will be back to selling stuff to Saudi Arabia, the UAE and Asia.
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