Congratulations Mr. President. What’s your encore? 
Long Feared Oil Squeeze Arrives
The Wall Street Journal reports The Long-Feared Persian Gulf Oil Squeeze Is Upon Us
“In the whole written history of the strait, it has never been closed, ever,” said JPMorgan Chase analyst Natasha Kaneva. “To me, it was not just the worst-case scenario. It was an unthinkable scenario.”
On Saturday, the Abu Dhabi National Oil Co. signaled it too was slowing production so tanks didn’t overflow. If the strait is still closed this Friday, daily output in the region could fall by more than four million barrels, Kaneva estimates. The decline could reach around nine million by the end of March, representing almost a 10th of global demand.
One week into President Trump’s war on Iran, the most severe shock to energy markets since the 1970s is cascading through the world economy. The disruption quickly fed into higher gasoline and diesel prices at the pump, and higher mortgage rates and borrowing costs for the U.S. government, endangering Trump’s economic priorities.
To be sure, the U.S. has more shock absorbers this time around. Oil is a far smaller component of gross domestic product than it once was, and the U.S. has become a top energy exporter in its own right.
Appearing Sunday on Fox, U.S. Energy Secretary Chris Wright said that “energy will flow soon” through the Strait of Hormuz. He blamed the rise in prices on “the unknown that this could be some long, you know, drawn-out crisis. But it won’t be.”
But the impact will still reverberate, especially in Europe and Asia. For decades, the U.S. military and its allies have spent billions of dollars ensuring the Strait of Hormuz stays open. Just 21 miles across at its narrowest stretch, and flanked to the northeast by a sworn enemy of the West, the channel between Oman and Iran is a superhighway for about a fifth of global supplies of oil and liquefied natural gas.
Massive amounts of fertilizer sail through these waters, feeding crops on every continent. The few ships that have left the strait since the start of the war were mostly carrying Iranian oil. Traders say crude markets could soar even higher if the strait doesn’t open within days, either with U.S. naval escorts or because shipowners think the danger has receded.
Force Majeure – Not Just Oil
The strait’s closure is spilling through commodity markets. Aluminum prices hit multiyear highs after Middle Eastern smelters declared force majeure—a legal maneuver that means suppliers aren’t liable if they fail to deliver. Norsk Hydro, which is curtailing output in Qatar, said a full restart could take six to 12 months.
“We are looking at what is by far the biggest disruption in world history in terms of daily oil production,” said energy historian Daniel Yergin. “If it goes on for weeks, it will reverberate across the global economy.”
That is exactly what Iran wants, Yergin said. Attacking energy facilities and shipping appears to be a Hail Mary attempt to make the war so painful for the American and allied economies that Trump backs down—as when Russia slashed natural-gas supplies in a failed bid to splinter Ukraine’s backers in 2022.
Traders fear that both sides will ramp up targeting of energy infrastructure. Saudi Arabia intercepted a drone heading toward an oil field on Saturday, likely from Iran, officials said. Israel said it struck several fuel-storage complexes in Iran over the weekend, lighting up the sky in Tehran.
Big Winners China and Russia
prices surge toward record highs of $150 a barrel, as some on Wall Street forecast. Saudi Arabia built a pipeline to its western coast, which it has activated to divert some sales via the Red Sea.
But elsewhere in Asia, which imports around 80% of the petroleum that sails through the Gulf, many countries are more immediately vulnerable. In recent days, Myanmar’s junta launched a rationing system for cars, while Thailand suspended some fuel exports. The Philippines told government offices to turn off computers at lunch and set air conditioning no lower than 75 degrees Fahrenheit.
When Israel and the U.S. launched their attacks, officials were initially sanguine that it would play out as previous conflicts had. Several shared memes of Mr. Bean giving the middle finger, likening Iranian retaliatory attacks on the Gulf to the bumbling comedic character.
In Kuwait, the oil-rich monarchy whose industry was all but destroyed when Iraq invaded in 1990, officials suddenly had the problem of what to do with all their oil. With most of Kuwait’s production close to export facilities on the coast, the emirate never bothered to invest much in storage, officials said.
Without enough storage, producers need to turn off wells, a process known in the industry as “shutting in.” Unlike a kitchen faucet, an oil tap isn’t easy to turn back on.
Natural gas hit
One way this crisis is different from the past: Qatar’s emergence as a giant exporter of supercooled natural gas. Over the past 20 years, European and Asian economies have pivoted away from oil and coal to the cleaner-burning fuel.
But doing so has fostered another dependence that is being brutally exposed by Doha’s decision to halt output after Iran fired drones at its Ras Laffan gas complex.
With Qatari gas off limits, a bidding war for cargoes from elsewhere broke out on the high seas. Clean Mistral, an LNG tanker, was cruising toward Spain from the U.S. midweek when it made a 90-degree turn to head toward of Asia. As traders who handle export logistics spotted the chance to profit in the more lucrative market, several tankers made similar pivots, according to ship-tracking data.
Qatari production won’t recover straight away if the strait reopens. A liquefaction train, which cools the gas, is like a giant refrigerator, but unlike an unplugged fridge at home, restoring it could take weeks.
“Small Price to Pay” Says Trump
Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!President DJT
When idiots make big mistakes and fail to do any rudimentary planning, they always declare the cost as a “small price to pay”.
An Amazing Parlay
Trump created a crisis in oil, natural gas, aluminum, fertilizer, jet fuel and water, all at once.
This is not an easy feat. Mere mortals would have struggled to do this,
Might I suggest the Nobel Peace Prize?
Related Posts
March 7, 2026: US Ground Troops to Iran? Trump Now Says “If Very Good Reason”
Hey, let’s completely fight Israel’s war that we started.
March 7, 2026: Trump Threatens Iran with “Complete Destruction and Certain Death”
Iran rejects surrender and Trump delivers an amazing rant.
March 8, 2026: Attacks on Desalination Plants Make Water a New Issue in the War With Iran
Let’s discuss more repercussions of a foolish war with Iran surface.
Yep, Trump even created a water crisis.
Brent is already coming off for two simple reasons. The first is that tankers are starting to run the gauntlet and getting through and the second is that 20% of the world’s oil comes from the Persian Gulf but we are not in the 1970s, 1990s or 2000s where “peak oil” was a given an that without it the world would be in oil penury. We know that is now false. Oil is ubiquitous and the part coming from the Persian Gulf is bound to shrink no matter what. Within a year and a half 30% of the shortfall can be covered with present pumping and within 5 years all of the shortfall can be covered through additional investment in existing oil fields. This changes market expectations. Sure there will be short-term discomfort but not pain but we are in a whole different environment when it comes to future energy calculations. The Gulf nations are understandably panicking because they all know that their principal resource no longer has the leverage that it once had and that to survive they need have peace and with the Iranian mullahs running Iran they know they won’t have it so the mullahs must go. That is why they are backing the operation instead of pressuring the US to stop it.
Unlike this blog, no panicking occurring among the G7!
The encore is to pull back, let the Islamic Revolutionary Guard Corps develop nuclear weapons and build 100,000 drones and Shaheed rockets to force the gulf states to increase the price of crude to $200 per barrel or suffer the destruction of their petroleum infrastructure, among other demands they wish to make as it will be too late to stop them.
Please, no common sense is allowed here. It crimps rage rants.
Just think, we had an agreement with Iran to stop their nuclear weapons development, Diaper Donnie tore it up because Bibi wanted him to. Now we’re fighting an unwinnable war because Bibi wants us to. Bibi is the real president of the United States, Trump is a demented lapdog who would prefer to spend his time raping teenagers.
Because everyone knew (except you and some others, apparently) that Iran was busy violating the agreement by enhancing uranium, which was prohibited! Now go back to sleep.
You gotta keep up with the news!
This Ain’t No Party… This Ain’t No Disco… This Ain’t No Foolin’ Around”
— Life During Wartime, Talking Heads (1979)
Not just oil, gas, and fertilizer – pretty much everything gets hit by this. The sulfur removed from Gulf state oil is used for copper and cobalt extraction. Petroleum based chemicals are used to create polyester and other synthetic fibers – so clothing is impacted.
Our computer chips are manufactured in Taiwan requires stable energy. Taiwan gets 80% of its energy from natural gas. It has less than two weeks of natural gas reserves. If Taiwan doesn’t have stable electricity, chip manufacturing suffers.
The list goes on.
Craig Tindale wrote an article listing 12 huge ramifications of the loss of Gulf oil and gas. Systemic Risk: A 12-Order Cascading Analysis of a Zero-Flow Strait of Hormuz Closure
The potential risk here is potential systematic and system altering across the entire global economy.
My myopic take on shipping and commerce.
This is a complex logistical situation and solvable. Cargoes are loaded and ready to resume as soon ask it is reasonably safe. Given the intensity of the destruction in Iran? Shipping should resume at any time. If you look closely at the well organized lines of ships ready to head directly into the straights as soon as transit is cleared. It is clear that interruption have occurred but there is not chaos at this time. Only a few ships have been damaged at all out of thousands.
Hormuz is not closed because of any physical obstruction and heavy lift ships are stationed there that have turned off their beacons. I followed their progress in and literally watched as their pings went away.
The world economy is highly resilient and will quickly recover.
Long term damage to US credibility and the dollar are another thing. Expect a credit downgrade of US debt.
So sad….
IRGC spokesman Ebrahim Zolfighari said on Monday that the U.S. has begun a new chapter in the conflict by targeting Iran’s energy infrastructure.
“If they can afford the price of oil at $200 per barrel, let them keep playing this game,” Zolfighari said in a video message posted by Al Jazeera on X.
Educated, with a dry sense of humor.
Day 5 of a 25 Feb 2026 ACWI peak valuation 5/5 of 13/13/7-8 day :: x/2.5x/2.5x/1.5-1.6x 4-phase crash fractal decay series self-similar to the 3 Sept 1929 7/18/18/10 day :: x/2.5x/2.5x/1.5x 4-phase crash fractal decay series. The DJIA lost 48% of its early Sept peak valuation in 1929 during the initial crash. Before the Iran war, the initial crash collapse devaluation was likely to be 45%, but after the concurrent anti-US interest global energy-shock war, the loss will likely be 60-75%, many more.
Good advice to the American people because their government (and global reputation) are finished.
If you follow shipping through the Straight of Hormuz you would note the “Heavy Lift Vessel” Liberian flagged Da Tong Yun is now stationing itself just off Kahasab in the exurb of Oman at the tip of the Musandam Peninsula. So preparations are being made for extracting anything that is hit by enemy fire. There are also many tugs and firefighting boats stationing themselves nearby.
The entire Persian Gulf averages 35 miles across and the Straight of Hormuz is only 21 miles across. Ships waiting to enter the Straight of Hormuz are only 5-10 miles from Iran so if Iran could or wanted to attack them, it would, right where they are.
At its widest point the entire Persian Gulf is only 201 miles across and Qatar is only 100 miles from Iran.
The point is: If Iran wanted to and/or had the capacity to attack Qatar? It would have by now. IMO the Straight is now open and oil prices should collapse this afternoon or tomorrow at the latest.
Gold and silver miners should rally when the straight opens and fuel prices fall. This entire war and all of its atrocities will be cast into the dustbin of history.
Never forget that the victors of wars and aggression write the history books.
This is one sad chapter of human mis-adventure.
The war news took away from other issues such as Blackrock and Blackstone halting/limiting redemptions on top of Blue Owl. Oil disruptions are already going to cause problems even if everything got magically fixed tomorrow.
CRE is still on the verge of total collapse.
Banks no longer funding data centers, the AI bubble on the verge of bust.
Residential real estate collapsing.
Debt loads exploding.
Iran has been a nice distraction from everything else but the everything else is still there and now worse if Japan can’t afford to buy US debt.
Yes, there are many problems, but the Fed is about to set out a brand new punchbowl of nicely spiked $$$ QE punch. I was long the VIX going into the close on Friday. Closed the position just after the bell and last night was cursing myself for taking profits. When I saw Hormuz clear and ready for orderly traffic resumption, I was relieved that my timing was OK.
QE has a way of keeping boats with lots of holes in them floating.
Agility is key and I wish you the best in your trading!
All should note: The Straight of Hormuz’s lack of traffic is totally voluntary. There are no ships sunk in it and commerce will resume as soon as this afternoon. Iranian offensive weapons systems and defenses have been pounded hard and little is left to use to close the straight.
The oil and gas producers in the region do not want to “shut in” their oil fields because it hurts long term recoveries.
Qatar has unfortunately shut down its LNG compressor trains and they will take up to two weeks to return to operating capacity.
Iran has few allies besides China and Russia and they seem to have $idelined themselves and allowed the US to expend its military resources and create more debt and ill will in the world.
The ships on either side of the Straight of Hormuz are expecting an orderly return to passage and are on notice to be ready to resume their routes. Logistics are the challenge for the next couple of months.
“little left to use”.
Says who?
Donny T. and Petey Hegseth! Sarc…
Safest would be to assume you know nothing about what the Iranians have.
“Had” you mean.
You might want to read the artucle I posted
There is no quick wind down
The strait is closed due to insurance concerns- perhaps read up on it.
Ten ships attacked in the Strait of Hormuz over the last week. The economic risks are very high.
https://www.straitstimes.com/world/middle-east/10-vessels-attacked-in-hormuz-strait-analysts
Some attacks are not clearly attributable to Iran, Yemen being a suspect, as some suggest.
From Trump’s point of view the Iran strikes may have seemed worth doing. But once you start something like that the politics are simple: you have to define success quickly before the story turns against you.
• Early on you can say “strong action restored deterrence.”
• If nothing clearly changes, people start asking why it was done at all.
• The longer it drags on, the easier it is for Iran to say it just absorbed the hit and carried on.
So what might he be waiting for?
• Iran backing down. But that’s unlikely — the regime is built around resisting outside pressure.
• Internal instability. But Iran isn’t a weak state waiting to collapse; its security apparatus is built to ride out exactly this kind of pressure.
• A clear military result. But those rarely arrive neatly or quickly enough to solve the political problem.
Which leaves the awkward reality: the longer he waits, the harder it becomes to claim the whole thing achieved anything.
It gets worse as Israel doesn’t care about the fallout for America. Unfortunately Trump seems to think keeping his mates (Netanyahu and Putin) happy is more important than the well being of America.
We have the watches, Iran has the time…
It is one thing to disarm Iran, it is another to convert the nation from its religion.
None of us should be so myopic to think that if they killed the pope, the Catholics would stop being Catholic. If BiBi were killed, would the Israeli’s stop attacking their neighbors?
No, NO and KNOW!
If Bibi stopped a slug the world would be a better place.
Trump said he wants “unconditional surrender” from Iran. That was dumb.
Asserting that Trump wants Putin happy is silly. While Trump was talking on the phone with Putin in late December, “Ukraine” sent 91 drones toward Putin’s residence near Lake Valdai. Ukraine can’t take a shit without American or British involvement. HIMARS fired into Russia are targeted by Americans, Patriot batteries are operated by Americans and the US provides satellite and AWACS data to Ukraine. The idea that Trump opposes American intel operations in Ukraine/Russia is as ridiculous as thinking American can be a neutral mediator between Israel and the Palestinians.
Russia should volunteer to be a mediator between the Zionist Usonians and the Iranians. 🤣
Nonsense. Look at Trumps face when Putin landed in Alaska.
That drone attack was identified as false by the CIA.
Politically Trump can’t stop support for Ukraine. That is very different from what his instincts are.
to those who cares about market
DONT PAY ATTENTION TO CAP WEIGHTED INDEXES
WATCH OUT SPXEW, AND NDXE -spx 500 and nasdaq
THOSE are eq. weight. same weight per each company!
fall accelerates!!
Market finds reason to panic, film at 11:00.
yawn.
The four horsemen of the Trumpocolypse™ all wrapped up in one.
I warned about Trump crashing the stock market like republicans always do when in office but I think Trump is going to take things to a whole new level and crash the global economy.
So according to Mr. wright, hope he’s not wrong, Oil will be freely flowing through the the Strait of Hormuz very soon. This would be a huge event, as it would represent Irans inability to do anything about it, and let others know it will be OK.
The impact in Europe and Asia should be nullified, but at a cost for the military presence to do so. The channel between Oman and Iran is a superhighway for about a fifth of global supplies of oil and liquefied natural gas. As a result, this Strait Must Remain Open moving forward, and indefinitely so to speak, but at a shared cost.
America must charge for this investment, as we should not and will not be doing so on our own, and at only our expense. That should not (never) be expected this time. This only came about for lack of doing so by others.
Much of Europes issue is “Self Inflicted” and over and over again, with the same or same/similar choices and actions or lack thereof imo. It’s hard to help others, when they don’t wish to help themselves. Asia is more of a bread basket of self infliction, but not all choices being their own. Peace and stability does not come easily, like in much of Europe, minus the self infliction of immigration once again. If they had that under control, they would be so much better economically, and in many other ways as well imo. Much of Asia is not so lucky, as we are seeing countries not even in the fight, having rockets raining in.
At the moment it’s a mess, but appears to be the right thing to have been done, when we see how weak, and open to a scary thought of a shut down, that later may not have been able to be controlled. Then we would have had one heck of a worldly energy complete shutdown perhaps. Now we know, so it will be taken care of as a result. Let’s hope so anyway, for the World! May be a good time to check what other weaknesses may be out there to be exploited upon if allowed…
“This only came about for lack of doing so by others.”
There is no military necessity to guard the Strait of Hormuz. It is in the interests of the oil-producing nations and their customers (the whole world), to keep them open. Unless some idiots start a war of course.
How can you effectively keep the strait open and operating at 100% without a military presence involved? It’s what has to be done to ensure such.
Drones and missile launches are here to stay. So are people who would like to see such chaos occur around the World. The Strait is far too important, as pointed out above. It cannot shut down like this.
I agree it’s an effort that should be shared by all, as it’s a World Issue. The weakness of how easily it can be shut down, and how hard it can be to get it back open. With plans and forces in place to deter this event, or allow it to be an extremely short period of time, in order to do so, is required imo, for The World Order of things.
The simple fact of the matter is that in all of its history, it has never been shut down until now. And that was caused by the military presence of the United States, not due to the lack of it. I think it is fascinating that people are so enamored by military power that they think it is required in so many situations where it simply isn’t. Here is another fun fact: Iran, since its inception as Iran, has never once militarily attacked another nation unless attacked first. Not once.
Doesn’t the 1980’s count? Very similar in the sense that oil tankers were being attacked. It shut down a tad less than it did this time, as International Navy-forces had to intervene for the same reasons.
Capabilities were nowhere the same as now. It will stop on its own, as what can’t go on, won’t. No launchers, No Bombs flying. No Drones flying. No Bombs, No Drones, then the only thing flying is American/Israel Drones and aircraft if/when needed. It will stay open, and without the need for assistance.
Having weapons and having the ability to use those weapons are two very, very different things…
What do you think those arms purchases were about and the promised investments in the US? It was to protect the Straights from exactly what is happening.
The US bombing of desalinization facilities is a violation of the Geneva convention and of course bombing a girls school is right up Trumps alley.
Violence against US interests in the gulf ins now guaranteed for another century.
Being a pawn of Israel is nothing to be proud of, regardless of how many you and your ilk kill.
“The president of the USA has always hated the fact that i see him for who he is: a criminal con man sexual abusing liar out to harm our nation to serve himself. This is why i moved to ireland. He is a dangerous old soulless man with dementia who lacks empathy compassion and basic humanity. I stand in direct opposition all he represents. So do millions of others. You are gonna deport all who stand against your evil tendencies. You are a bad joke who cant form a coherent sentence.”
– Rosie O’Donnell
That aged too well.
did not she return from Ireland?
=====
yeah SHE POSTS RIGHT WORDS, BUT SHE IS TOTALLY MENTAL
in her words , doctor said = stop following trump= she can;t
trump and she are in same mental building, just diff floors.
For me:
Easy to ignore Rosie.
Hard to avoid thinking about deranged madmen — Trump, Biden, Bibi — murdering tens of thousands in our names while destroying the finances of yourself and almost everyone around you.
And hard to ignore that my friends and family voted for these people, because they thought they were voting for the peace candidate.
…
Ergo, I will not criticize the Cassandra most yanks ignored. At least, not over this issue.
… doesn’t mean you’re wrong. 🙂
If Trump, after bringing job growth in the US to a virtual halt in 2025, manages to strangle the global economy in 2026 through a stupid war, he should rightfully be awarded the Dunning-Kruger Economic Disaster Prize. This would be in recognition of the fact that never has one individual created as much economic mayhem as this president.
Panic of 1857? Comes to mind, as a much worse example…
if you are at all interested in the insurance role in the closure and wonder why a new insurance plan will take 12 to 18 months to resume normal shipping, and why the nuke issue is much bigger now and why the decapitation strike will keep the strait closed much longer
read this
https://shanakaanslemperera.substack.com/p/actuarial-warfare-how-seven-insurance
File this under “what the dunderheads in DC should have thought about”
I hate to say it, but our only choice might be to guarantee an actual impeachment by voting for all democrats in the mid-term. That might also keep Vance under control when he takes over.
Too little to late.
I don’t believe it’s ever too late.
“I hate to say it …” …. IDK what a sensible response is to this feigned attempt at regret.
It’s like hearing a German in 1941 “Maybe we shouldn’t have elected Hitler, but if we dethrone him, we might be able to keep Goering in check”.
Please post this chattel on Truth Social or X.
Enjoy seeing your cost of living go up 10x, while your quality of life goes down by the same amount.
Also, Enjoy getting deported.
Well said!
I guess so, if you enjoy hearing someone scream at the clouds without offering any real solutions to the rain. As for me, I’m going to get my umbrella. I suggest you do the same.
I see. And is the bad scary Orange Man there in the room with you now?
One week in and the global economy is beginning to wobble. A second week with the strait of Hormuz closed and the global economy will begin to collapse.
Such is the importance of energy; oil and gas in particular.
Which is why I originally predicted the closure would have to end within two weeks, even if the war did not. This is still my prediction. If I am wrong, then things are going to get much worse.
So far, the measures taken are minor or insignificant bandaids.
Let India (and others) tap into the 48 mb of Russian oil currently floating in sanctioned tankers all over the world.
Begin to release oil from the Strategic Reserves around the world. (It is truly shocking that Trump only added a total of 1 mb of oil to the US SPR over the last year, when oil was as low as $55, if he knew he would attack Iran).
Next will be to allow Russia to export as much oil and gas as they can.
Production is beginning to be shut in as storage in the Persian Gulf fills up. Iraq, Qatar, Bahrain, Kuwait, UAE, and now Saudi have announced production shut ins. And once you shut in production, it takes from a week to a month to restart it. And in some cases production cannot be restarted with anywhere near the original flow rates.
Qatar’s shut down of 20% of world LNG production will take 2-3 months to restart. Longer if the production facilities were damaged.
There were predictions of an oil glut this year. Some predicted a global surplus of 1-2 mbpd which would bring prices of WTI back below $50 by year end. Two months into the year and the surplus had not yet materialized. And now, we are looking at a deficit of 10 mbpd or more.
In the short term, this shortage will spike oil prices to one of those headline grabbing numbers like $150 or $200. But oil never stays at those stratospheric levels for long as buyers disappear, substitution begins, and longer term demand weakens.
Which is why I am selling portions of my oil stocks into these rising prices. I have no idea how high prices might spike or how long prices will remain at stratospheric levels, but it won’t be for too long. Demand will dry up as economies collapse and then prices will come back down.
“Which is why I originally predicted the closure would have to end within two weeks, even if the war did not.”
Those two things were simply not compatible with each other unless one still believes in the American military supremacy fantasy propagandized by Jew-lliwood.
And in fact, it is not happening.
You are assuming that I think the US will be successful in winning this war quickly and reopening the strait. That is NOT my assumption.
I assume the strait will be opened again due to global pressure from countries such as China, India, Japan, Korea, Pakistan, Saudi etc. I do not know what form the pressure will take. But the world will do something, because the world cannot stand the strait to be closed for more than two weeks.
Or from US willingness to back down, pause the attack, make some agreement with Iran, and they will allow the strait to open again.
Or some other reason. But not because the US is successful in opening it with military means.
“You are assuming that I think the US will be successful in winning this war quickly and reopening the strait. That is NOT my assumption.”
I wasn’t. I was replying taking what you wrote as the belief that the US military could force the Strait of Hormuz open, which doesn’t necessarily imply also winning the war.
Now that you clarified what you meant I will add: for Iran this war is existential so there is no amount of pressure from anybody that can make them not use one the best if not the best weapon at their disposal.
Were all of the world against them MAYBE the war (and the closure of the Strait of Hormuz) would have been short enough to not damage the world economy but even if China would abandon them they would still have Russia on their side and Russia, being the country that it is and in an existential war of its own against pretty much the same Epstein coalition, is in the unique position to not give half of a fuck about the closure of the Strait of Hormuz…
This is just one of the many reasons why I wrote from the very beginning that this latest Judeo-American war was going to be the USA’s FAFO moment. And Israel’s…
It would be interesting to see Iran let oil tankers headed for China through the strait, though it wouldn’t take long before the US would start sinking them and blaming it on Iran. I just don’t see how the war continues and the strait opens up. Iran has world attention focused on it right now precisely because the strait is not open.
Trump has to decide whether to pull out and declare victory (i.e., get out while he can) or double down and send in the Marines.
I also am very concerned about “the world” right now. Spring planting season is here.
unfortunately, iran is not now controlled by one leader but 31 separate groups. Imagine dc was attacked, how many states or counties or mma’s would form their own units? now imagine the national guard was with them.
Nicely put!
Thank you.
According to Iran
Fortunately, the war will be over forthwith.
All Iran requires is:
I agree Mish. Trump now deserves what he has gotten so far. May we be rid of him post haste. Surely this is all part of the plan.
unfortunately he will not be hurt by this in any real way.
Very true. But every time he betrays Americans he cries out in pain. So there’s that.
There are only two things capable of ending a regime, and voting is NOT one of them: a big military defeat or economic catastrophe.
It looks like the Epstein ruling class, or in other words the dystopian, satanic, globalist elites ruling over all of the West, are going to experience both.
Let’s pray it will be as quick and with as little pain as possible but it’s much deserved and the people deserve it too.
We have to re-establish natural selection and get rid of all of the dumb freaks roaming free in our societies, and this comment section with all of the people thinking that Trump is the problem and getting rid of him would solve anything, because they have evidently already forgot what has also been happening before him, is as good a proof as any of that.
If the problem is the size of an elephant, let Trump be the first bite.
It is hard to engineer a military defeat when there are no goals pursued – but hey, the current republican adminstration is amazing at spin.
Well they are saying ever more clearly that they want regime change and taking control of Iranian oil…
Anyway, they are not going to reach ANY of the goals listed so far (regime change, taking control of Iranian oil, end of any enrichment, end of missile program, end of support for Hebollah etc) so the defeat will be clear to all in any case. Especially when people will be able to see the amount of destruction inflicted to all of the American bases in the region (which will have either to be rebuilt from scratch, if the Arabs still want them after the lesson they are learning, or be abandoned) and the number of casualties actually suffered by the US military…
see war on poverty, war on drugs, war on terror
If the rational for having massive solar arrays covering hundreds of square miles of rooftops and deserts ever needed its case made? This is it.
No wonder China hs building 1,000’s of GigaWatts of solar generation and battery storage.
Leaving the US in the dust as far as energy production goes. Every solar panel uses 20 grams of silver and they are being produced by the millions per month.
Trump is of course too stupid to broaden US grid resilience. China, India and Russia are not so short sighted.
What else should we expect from a multi bankrupt, felon and pedophile,
Flush Trump down the toilet like the piece of shit he is!
Are insiders trading?
Like before 911?
I bet thousands of people and organizations are helping themselves to millions or more each, based off what they knew as or from insiders making the decisions that make markets move this much.
I bet the total effectively stolen is in the trillions.
Best way to loot a country is to run it.
And no matter how much the looters steal, their serf suckers will continue resisting the urge not to claw back wealth in the billions “because capitalism”.
Why would anyone surprised? Scenarios around war in the Middle East have been gamed out for ages. This too shall pass.
In all likelihood, based on past performance, with Trump and Israel unwilling to risk boots on the ground, and Iranian resistance unable/unwilling organize and stand-up against the IRGC, will force the US and Israel to back off and sign some sort of peace agreement with Iran.
Which will be almost immediately violated by Iran.
Next time we go after Iran, we need to have an army of robot Terminator soldiers ready to go to do the job of hunting down the IRGC and killing as many as possible.
The people of Iran are only good for protesting the Regime and starting small fires. “What a bunch of losers” to quote Trump.
If the US citizens back in 1776 had been as wimpy as the Iranian resistance appears to be, we’d still be under the thumb of Great Britain! Sheese.
Real question for Mish: why do we readers have to put up with this babbling retard trolling under every single post and down voting every other comment every single post. Get rid of this clown please.
just ignore him. if you see his name, don’t read,
I have him on “ignore”. Occasionally I actually agree with some points. But overall not worth it.
let him. mish is ok!
freedom of speech is paramount!
I feel the same about you Freddy.
Wasn’t it the US that broke the JCPOA deal, not the Iranians? Isn’t it Israel that violates cease-fires or kills the negotiators? Maybe we are the bad guys here.
Nope.
Technology of oppression has moved beyond flint+lock rifles and cannonballs.
Remember, the Iranian “resistance” is also largely Muslim. Even if the current system is removed, I would still expect some form of Islamic government.
some form? what could be another form? buddism?
28 downvotes to 1 upvote. Some kind of record on mish?
38 now! Yea! More, more.
buddy!!
ancient iran/iraq were civilised like 2000 years before Christ was born!
google =Code of Hammurabi= it is like 2000 years BC
you ancestors were still practising cannibalism at that time!
This is true. I’m just reading a book titled “The Golden Road” (How India transformed the world) by William Dalrymple, which has a lot of interesting intersection with the now Middle East and China circa 500BCE to 1000CE.
India appears to have been a real powerhouse and source of knowledge then.
Your culo….
I suggest a Nobel Prize for Idiots if there is such. If not then now is the time to establish one!
He is a murdering psychopath and Fox is his enabler.
It’s called the “Darwin Awards”.
Sadly, they have not yet invented a category for killing a whole society.
“The Riksbank recommends that all households keep a sum of SEK 1,000 [US$109] in cash per adult at home. This amount should be seen as a benchmark and is intended to cover a week’s worth of essential purchases,” the central bank said, adding that the cash should be kept in several different denominations. 2 days ago
In emergencies / national and natural disasters the net may fail.During such times Cash becomes The King.
Such visionaries! 25 weeks of essential purchases should be stored in the pantry, not in computers that store 0’s and 1’s.
Gasoline price decides elections so no one wanted to touch that ticking bomb.
You’ll have to update this lede as Monday goes by.
Oil prices will fall modestly and gold and silver will rise as the US dollar is sold hard and the US credit rating plunges.
Also.US Debt will rise further.
Or there might be a dip in Ag and Au being sold for dollars to cover oil shorts, making the demand for dollars rise.
Economics is mass psychology in action and very hard to predict.
Too bad the west never pivoted to renewable/green energy. We’ll have $10 a gallon gasoline before this is all over.
We are fools for never having learned our lesson back in 1974.
If history teaches anything is that nobody learns from history.
I predict that when Americans are paying $5 a gallon for gasoline, their approval of the Chief Pedophile of the United States will plumb new depths. Not even the Mossad will be able to save their puppet from the wrath of the public.
$5/gal would be welcome here in CA!
He said “Americans”.
Chevron was charging $5.79 per gallon of regular on Sun. March 8 in my suburb.
Oil will go all the way up to $127.11 a barrel. No higher.
looking into crystal ball?
Nice play on words!
No, at the eight ball.
Love the specificity, but my guess is that we’ll blow past that.
Trump is playing a game of 3D chess. You just don’t understand.
Max Blumenthal refers to it as “3 dementia chess”.
look at looses at Russell 2000, twice to nasdaq or SPX 500
Russell 2000 consists of smaller , domestic oriented companies in USA!
but I was told USA is isolated from oil/gas problems?
why???
I say good.!!!! we need $200 oil per barrel , fu11ck EU
funny think if you look at Russia and Middle east in term of oil/gas
THEY ARE orthogonal !!
Russia is cold, ME is hot
Russia mostly delivered using pipes, ME using ships
Russia is stable,even after USSR break up there was no interruption,
ME is always in flux or war.
Russia is only country capable to defend itself, ME has been at mercy of eu/usa/Britain for last 500 years!
Russia was never conquered, ME is always someone’s bit11ch
alx
US Natural Gas is still below $4/mmbtu on the front end which is a better sign and not a crisis. The exponential move higher in oil price also indicates it can come off just as fast. Right now market has moved to the worst case scenario. This would need to go on for several weeks to be a crisis where we get permanent long term consumer demand destruction. Yes consumers will feel pain in the short term which is not good.
=US Natural Gas is still below $4/mmbtu on the front end
pal, USA PPL is 350 mil.. world population is 9 bil
world does not live in n.America
Those aren’t people, apparently.
In Tim’s defense, he was analyzing usa-only impact and isn’t necessarily callous to the world suffering, though I’m sure many other yanks are.
Natural gas is down due to mild winter demand.
You think $116 is the worst case scenario? That’s cute.
as when Russia slashed natural-gas supplies in a failed bid to splinter Ukraine’s backers in 2022.
==
they cant stop lying , CAN THEY?
Russia did not slash gas supplies. it was Britain/USA who blew off NS2
and then i believe EU apparatchicks come w/ money scheme:
Russia keep on delivering gas , but money will be frozen in EU until good times!
=====
I say good.!!!! we need $200 oil per barrel , fu11ck EU
alx