
BeardedMi
422 posts




For those of you wondering if the Trump threats will work again, it won’t. It’s a good thing he didn’t set a deadline this time. Over the weekend, IRGC’s enforcement mechanism on the Strait of Hormuz was a major pivot point. Prior to that, tankers did not dare test whether it was open or not. Now that the IRGC has shown that it was willing to enforce, no one will try again and only with permission. This will leave lasting scars for shipowners. As a result, if you think this through, either there’s a permanent solution to this conflict or any half measure attempt at a ceasefire will not change the underlying circumstances on the ground. With each passing day, the production shut-in continues (11-13 million b/d). Demand destruction via high oil prices is the only way to balance this market. We are already past the point of no return for onshore oil inventories. The draws are here. Buckle up.









Anti-Israel protesters in a shopping mall in Toronto threaten to kill Christmas shoppers who voiced their opposition to their decision to protest in a shopping mall. Despite the threat being delivered in front of a policeman, nothing is done. 🇨🇦🇮🇱













