Twenty million barrels of oil passed through the Strait of Hormuz yesterday. Today the number may be zero.

[Melon]

10. The Middle East probably supplies 5%

Of US oil right now.
China is getting a clear message as well. The US took the leader of Venezuela despite having Iranian, Russian, Chinese air defense systems and didn’t lose one aircraft or life. They just killed the leader of Iran and took out their most important military complexes in the most heavily defended country in the Middle East. Day one not one aircraft or US life was lost. They also have Russian, Chinese and their own technology.

Oil prices will undoubtedly rise. We will see how much. Oil has been long. Oil may also rise on the Brent but not so much on the WTI, just widening the spread which would be another advantage to the US.

I have a feeling if Iran chooses to shoot a missile at a tanker in the gulf, all of their coastal batteries and Navy will get their shit pushed in. This will also not endear Iran to China. The other gulf countries would also be even more displeased.