🐉 US DISABLES A CARGO SHIP OFF IRAN, BUT OIL JUST POSTED ITS BIGGEST WEEKLY DROP IN YEARS. THE NUMBERS TELL THE REAL STORY
👉 CENTCOM said on Nov 7 that a US aircraft disabled the St. Kitts flagged cargo ship M/V Huda in the Gulf of Oman after its crew ignored repeated warnings and tried to break the naval blockade on Iran
👉 CENTCOM also launched Task Force Iron Gate to block Iran supply routes over land and through the Caspian Sea, while Iranian state media reported explosions on Qeshm Island and at Jask, Sirik and Bandar Abbas
👉 Blockade numbers since July: 147 commercial vessels redirected, 5 merchant ships disabled, and CENTCOM estimates the blockade has blocked more than $25 billion of Iranian crude exports
👉 Numbers hit by this story: Brent settled at $98.32 a barrel and WTI at $90.83 on Friday, but Brent still fell about 13% on the week, its biggest weekly drop since 2022, as peace hopes drained the war premium
👉 Hormuz is why oil cannot ignore it: about one fifth of global oil and gas flows through the strait, and flows are still running below 60% of capacity
👉 Crypto numbers: BTC around $75,766, down 0.18% in 24 hours, ETH around $2,235, total market cap $2.56 trillion, down 2.94% today, Fear and Greed at 25, Extreme Fear
👉 That split is the story. Oil is falling on peace hopes while the blockade tightens, and BTC is holding above $75,000 instead of pricing a fresh shock. Watch Brent at $100 and BTC at $75,000, those two levels decide the next move
#BinanceSquare #Oil #Bitcoin #Crypto
The strait decides the next move, not the headline.
👉 CENTCOM said on Nov 7 that a US aircraft disabled the St. Kitts flagged cargo ship M/V Huda in the Gulf of Oman after its crew ignored repeated warnings and tried to break the naval blockade on Iran
👉 CENTCOM also launched Task Force Iron Gate to block Iran supply routes over land and through the Caspian Sea, while Iranian state media reported explosions on Qeshm Island and at Jask, Sirik and Bandar Abbas
👉 Blockade numbers since July: 147 commercial vessels redirected, 5 merchant ships disabled, and CENTCOM estimates the blockade has blocked more than $25 billion of Iranian crude exports
👉 Numbers hit by this story: Brent settled at $98.32 a barrel and WTI at $90.83 on Friday, but Brent still fell about 13% on the week, its biggest weekly drop since 2022, as peace hopes drained the war premium
👉 Hormuz is why oil cannot ignore it: about one fifth of global oil and gas flows through the strait, and flows are still running below 60% of capacity
👉 Crypto numbers: BTC around $75,766, down 0.18% in 24 hours, ETH around $2,235, total market cap $2.56 trillion, down 2.94% today, Fear and Greed at 25, Extreme Fear
👉 That split is the story. Oil is falling on peace hopes while the blockade tightens, and BTC is holding above $75,000 instead of pricing a fresh shock. Watch Brent at $100 and BTC at $75,000, those two levels decide the next move
#BinanceSquare #Oil #Bitcoin #Crypto
The strait decides the next move, not the headline.