If this continues, I imagine that we will see a significant outburst from Iran today.Crude futures just dropped $2.70 during just the last 40 minutes!
And appropriately, crude is $4 off of its highs of the day.Ceasefire back on.
Here we go again.Oil flat or lower despite US attacks overnight and the Iranian response. Iran getting boxed in quickly now. It wouldn't surprise me to see a large scale attack on neighboring oil facilities to try to drive the price of oil back up.
If the market becomes unmoved by their antics, they are cooked.
Here we go again.
So much for the secret
Could have made it 400 ships and 200 million barrels but instead they now know to look for this.Honestly truth here does way more damage than keeping it a secret.
Could have made it 400 ships and 200 million barrels but instead they now know to look for this.
So have they been escorting new ships in? Once these stranded ships get out will new ones be there ready to replace them? If so are we escorting them to their ports of call? Now that they know will they start striking ships further north in the gulf away from our protection?True, but sneaking ships through the Strait doesn't help bring down the price of oil or steady the market.
However, letting Iran threaten apocalyptic threats and then reveal that you have been helping huge tankers through a thin chokepoint which they claim to control with an ironfist hurts their image much more.
It means they are either incompetent or they really just lack the ability to do anything about it.
I would think it's more of a red line they know not to cross with the worldTrue, but sneaking ships through the Strait doesn't help bring down the price of oil or steady the market.
However, letting Iran threaten apocalyptic threats and then reveal that you have been helping huge tankers through a thin chokepoint which they claim to control with an ironfist hurts their image much more.
It means they are either incompetent or they really just lack the ability to do anything about it.