Hormuz has only had 9 ships pass today—8 of them are still scheduled to depart. Before the war, 125 large vessels ran this route every day, carrying 20% of the world’s crude oil and LNG. After the Saudi–East pipeline was blown up, loading at Yanbu was shut down. They want to divert volumes through the strait, but this passage count simply can’t handle it.
$BZ —during the daytime it surged to 102 then fell back to 99. The market is betting on a reopened trading expectation; I don’t see it that way. INE RMB crude has hit a new historical high. Japanese refineries are grabbing Oman’s oil, and Asian buyers are turning to U.S. LNG. Once this route runs smoothly, the risk premium won’t be an emotion issue—it’ll be a structural one.
Gold touched 4249 and was bought back immediately. $XAU is stuck sideways at 4280. The dollar has had its two strongest weeks in six months. This combination is truly a squeeze on altcoin liquidity.
More specifically: VLCC freight rates have been pushed to the sky by war-risk insurance, yet insurers outright refuse to cover voyages through the strait. Ships are valuable, but there’s no route—how this gap converges will be clear by November.
$BZ —during the daytime it surged to 102 then fell back to 99. The market is betting on a reopened trading expectation; I don’t see it that way. INE RMB crude has hit a new historical high. Japanese refineries are grabbing Oman’s oil, and Asian buyers are turning to U.S. LNG. Once this route runs smoothly, the risk premium won’t be an emotion issue—it’ll be a structural one.
Gold touched 4249 and was bought back immediately. $XAU is stuck sideways at 4280. The dollar has had its two strongest weeks in six months. This combination is truly a squeeze on altcoin liquidity.
More specifically: VLCC freight rates have been pushed to the sky by war-risk insurance, yet insurers outright refuse to cover voyages through the strait. Ships are valuable, but there’s no route—how this gap converges will be clear by November.