Not A Newt@not_a_newt

フォロー

Oil prices and the Strait of Hormuz closure

the strategic reserves several countries opened up after the Iran war started were always a stopgap, and stopgaps run out. the Saudis have halted exports entirely, with the East-West pipeline hit and the Strait of Hormuz shut, and the rest of the Gulf states are following them out the door. you can only hold prices down with tricks for so long, and the situation is turning ugly now. diesel climbing hits industry, farmers, truckers, basically everything, while gasoline climbing hits regular people at the pump. markets barely even blink at talk like "they want to make a deal badly" anymore. the cheap moves are finished. Buckle up… #Iran

3w

Not A Newt@not_a_newt

フォロー

Oil prices and the Strait of Hormuz closure

the strategic reserves several countries opened up after the Iran war started were always a stopgap, and stopgaps run out. the Saudis have halted exports entirely, with the East-West pipeline hit and the Strait of Hormuz shut, and the rest of the Gulf states are following them out the door. you can only hold prices down with tricks for so long, and the situation is turning ugly now. diesel climbing hits industry, farmers, truckers, basically everything, while gasoline climbing hits regular people at the pump. markets barely even blink at talk like "they want to make a deal badly" anymore. the cheap moves are finished. Buckle up… #Iran

3w