Originally Posted by
Extenda
Zero tankers going through the strait right now. So effectively no change, yet oil price has dropped. Eventually this see-sawing of the market based on loud proclamations from both sides is going to be irrelevant. The product won’t be where it needs to be.
I’m thinking the timing of this pseudo ceasefire correlates pretty well with the time necessary to get the remaining Marine Expeditionary Unit and the 82nd airborne into position. I think Iran is about to lose possession of a number of islands - perhaps permanently. The big loser? China. They buy the vast majority of Iran’s oil - as much as 1.4 million barrels a day prior to the war.