The young Iranian is still secretly stoking the flames of war, once again provoking the U.S. military.
This conflict is localized. Iran is targeting vessels involved in illegal oil transfers. No one knows whether the reports are true, but the Strait of Hormuz has not been fully blockaded, and crude oil supplies through the strait have not actually been disrupted.
Attacks on ships around the strait and the threat of mines can only break the deadlock in the geopolitical conflict and send oil prices gradually higher.
But what about next time? If Trump really resumes strikes, the emotional risk premium could be extremely high. CL crude could even break above $105.
This conflict is localized. Iran is targeting vessels involved in illegal oil transfers. No one knows whether the reports are true, but the Strait of Hormuz has not been fully blockaded, and crude oil supplies through the strait have not actually been disrupted.
Attacks on ships around the strait and the threat of mines can only break the deadlock in the geopolitical conflict and send oil prices gradually higher.
But what about next time? If Trump really resumes strikes, the emotional risk premium could be extremely high. CL crude could even break above $105.