
WK
4.8K posts

WK
@just_bnb
Ex-Halliburton | Battle-tested in the trenches | Geoscience + Energy BD pro | Crypto lover | Bridging oilfields & blockchain | Views my own ⚡₿







The economic and financial headlines this morning would be screaming about another surge in oil prices if the markets weren't closed for the weekend. Overnight, both sides signaled willingness to cross a red line: the direct, significant targeting of oil infrastructure. Specifically, The US bombed Kharg Island, Iran’s primary oil export hub. President Trump stated he has directed the Pentagon to "totally obliterate" military forces on the island. Additional US troops are being deployed to the region, fueling speculation of a potential occupation of the island. Iran has countered with threats that all "oil, economic, and energy facilities … in the region ... will be immediately destroyed and reduced to ashes." Adding to the stagflationary winds already blowing through the global economy, the market impact of these latest developments in the Middle East War would not have been limited to oil. We likely would have seen significant losses across many other market segments. What actually happens when markets reopen on Monday is, of course, a function of developments over the next 48 hours. #economy #markets #oil #inflation #middleeastwar





















