Loading ...Strait Of Hormuz Disruption Fears Surge After Former Iranian Minister Threatens Transit Restrictions
“Starting tomorrow, for 100 days, no oil tankers or LNG cargoes….”
Silverboom — this appears to be real from Iran!
The Wesley Clark story though was about “Israeli action” which is undefined.
Still – oil dead in the water today.
Tomorrow???
Gold should be flying along with oil.
The markets speak and say “no.”
Or the market doesn’t think IRAN will still exist tomorrow……..
My thought – lots of big ships in the inventory.
Use them and eventually make those two choke points obsoltete.
Bypass, wave, and maybe a finger on the way by.
Yes, near term prices spike, but then comfort when you know the clowns in the middle are irrelevant 🙂