Trump Strait of Hormuz / Venezuela parallel
$CL prices keep on spiking any few headlines and that has not been any new to traders anymore, but when would this stop?
Trump posted today that since the US now has the Strait of Hormuz under U.S.A. control, maybe they should just rename it the Trump Strait. “Like America itself, it would be ‘hotter’ than ever before.
This is the same waterway both sides have been fighting over for months. Shipping is still way down from pre-war levels, Iran still claims it, and a lot of reporting says neither side has clean, uncontested control. But the branding move is familiar.
It tracks pretty closely with what happened after the Venezuela operation earlier this year: capture the leader, announce the US is going to run the country for a while, talk about oil, float making it the 51st state, post maps with American flags.
Gulf of Mexico became Gulf of America. Lake Ontario became Lake America. Now a chokepoint thousands of miles from US territory gets the personal-name treatment.
The pattern is, assert control first (or claim it), then slap a new label on it like that settles the question. Whether it actually works on the water or with other countries is a different issue.
Curious what traders here think the endgame is. Serious territorial claim or something in between?
#SaudiSaysIranAttackedShipInHormuz
$CL prices keep on spiking any few headlines and that has not been any new to traders anymore, but when would this stop?
Trump posted today that since the US now has the Strait of Hormuz under U.S.A. control, maybe they should just rename it the Trump Strait. “Like America itself, it would be ‘hotter’ than ever before.
This is the same waterway both sides have been fighting over for months. Shipping is still way down from pre-war levels, Iran still claims it, and a lot of reporting says neither side has clean, uncontested control. But the branding move is familiar.
It tracks pretty closely with what happened after the Venezuela operation earlier this year: capture the leader, announce the US is going to run the country for a while, talk about oil, float making it the 51st state, post maps with American flags.
Gulf of Mexico became Gulf of America. Lake Ontario became Lake America. Now a chokepoint thousands of miles from US territory gets the personal-name treatment.
The pattern is, assert control first (or claim it), then slap a new label on it like that settles the question. Whether it actually works on the water or with other countries is a different issue.
Curious what traders here think the endgame is. Serious territorial claim or something in between?
#SaudiSaysIranAttackedShipInHormuz
