Hopefully, someone will check trade records late after Shitstain's liefest on Friday that sent oil prices down $10 a barrel. If you haven't kept up:

1) Iran re-closed the strait after Shitstain opened his stupid fucking mouth

2) At least two ships trying to make it through in the so-called "open" period came under Iranian fire

3) Nobody's in the Strait right now other than a couple of Iranian fishing boats and one cargo craft, near shore. None are near the transit area. The one that shows up as present and underway under power hasn't updated its data in almost 12 hours at time of post, so it's safe to assume it's not there.

Images 11 hours apart.

#oil #OilPrice #StraitOfHormuz #IranWar #fascism #FuckTrump #FuckMAGA #FuckTheGOP #lies

And literally AS I WAS POSTING THAT, this breaks, Iran say they're closing the Strait of Hormuz again. Link:

https://www.bbc.com/news/live/cqxdg17yr2wt?post=asset%3A52a9920a-f812-4eb0-9c05-ccb388a93a3a#post

#oil #OilPrice #IranWar #StraitOfHormuz

Substantial traffic in the strait now, mostly outbound:

#oil #OilPrice #IranWar #StraitOfHormuz

Oil market's closed for the weekend. No boats crossing the usual strait channels yet, but looks like a lot of boats are lining up to try it from the Persian Gulf. It seems reasonable to me that crews trapped in the Gulf would be more willing to risk the uncertainty than those waiting around outside.

#oil #OilPrice #IranWar #Ceasefire #StraitOfHormuz

as i said: no matter what happens next the #refining industry is gonna get their $ from u.

#energycrisis #oilprice #strait #iran

the thing is: lower futures prices suggest the market expects more supply soon.

they think this will end soon.

it won't.

#oil #oilprice #energy #energycrisis

i agree, i am like really wondering. i mean we see the spot price. something has to give at some point.

"success masks failure" ~ taleb

#oil #oilprice #energy #energycrisis

hm, market's worried about something

#oil #OilPrice #IranWar

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