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self explanatory chart: Oil goes bid, mirroring the midpoint of the Iran war, when Iran began targeting Gulf State U.S. bases. Trump orders "Project Freedom" which is a possible smoke screen to invade Kharg Island steal the oil and, then steal the Uranium. Messy. With six month avg oil price at $94, the global economy could splutter out with inflation.
Self explanatory chart: TRump reiterates in his "Mad Man" Nixon-esque 'logic' (?) that he'll bomb Iran back to the Stone Ages. OIl jumps over 5%. April 6th deadline looms where he will attempt to turn off (bomb) Iran's electricity, water and amenities. Essentially a war crime of mass proportion, Iran will attack desalination/energy plants in the Middle East.
OIl remains bid over $102. after Trump has jawboned once again, claiming that he ready to leave the Strait of Hormuz closed (?), and end the war with objectives in tact (?). Nixon "madman theory" and oddball confusion at best. Oil futures drop 0.50%. Bonus chart is the DXY and 10 yr yield, hammering US consumers with higher interest/mortgage rates, and and businesses higher costs to operate. Additional quotes , Trump nonsense.
Oil falls $4, back to its month low of $81. As Iran plays down Israel's missile and drone attaks, Israel has said nothing, sans one of their 'Right Wing' ministers 'tweets' and a handful of US officials claiming Israel was responsible. Hyperreal absurdity at its finest. Yet, the seriousness of this conflict remains.
