Charlie McHenrySo let me get this straight… #WallStreet is having a ‘relief rally’ because hopeful (read ‘greedy’) investors are eager to profit from the #IranWar ending soon. They’re straining at the bit to get back to business as usual, raking in those revenues & fueling the fires of #capitalism. It is accurate to say this irrational exuberance lacks any rationality, as it will take months, perhaps years, to recover from the damage already done. And don’t forget…the status quo before the war was fragile and not sustainable by any measure. Global supply chains have been disrupted; farming cycles fractured; alliances disordered; and the entire #PetroDollar platform upended. When all is said & done, the Chinese #Yuan (RMB) may emerge as the new global currency. Then there’s #ClimateChange and the ensuing #WaterWars and mass migrations to factor in. #Trump has managed to screw up the entire world order. TBH, I’d be shorting the market because I think major shit has yet to hit the fan. #Investing #finance #economy
Michael J. BurgessIran may not have fully shut the Strait of Hormuz, but what's emerging looks just as disruptive: a selective toll system.
Reports suggest some ships are getting through only with Iranian approval, and in some cases by paying in yuan or Crypto. That means this is not just an energy story. It is also about sanctions, SWIFT, dollar power, and the shape of a more fragmented global economy.
Trump wants the Strait reopened by 6 April. Markets are already gaming the risk of another sharp oil spike, while ordinary people get hit through fuel, food, and everything moved by sea.
Are we watching a temporary wartime squeeze, or the birth of a two-tier energy market?
Yonhap Infomax News
Brasil de Fato
The Japan Times
Aidoo
Aidoo
Welkin