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7% CRASH FROM "95% DONE" DEAL THAT NEVER HAPPENED - MARKET MANIPULATION AT PEAK: WHY OIL SHOULD BE $130 Energy markets expert Ross Hendrix of Porter and Co. just laid bare the most blatant case of oil market manipulation in years. Over one weekend the administration blasted out headlines claiming a deal was "95% done" with Iran set to open the Strait of Hormuz. Oil prices immediately plunged 7% on Monday. Yet on that same Monday ships were being attacked in the Persian Gulf and Israel launched fresh strikes on Lebanon with zero increase in actual tanker traffic through the strait. THE WEEKEND HEADLINE SCAM ➡️ Administration officials told markets the deal was 95% complete and Iran would surrender its uranium and reopen the strait. ➡️ Oil crashed 7% the next trading day on nothing but those tweets and press releases. ➡️ The very same day ships were being blown up in the Persian Gulf and new attacks hit Lebanon. ➡️ There was still no measurable pickup in traffic through the strait that supposedly just reopened. THE REALITY THEY ARE HIDING ➡️ A minimum of 10 million barrels per day remain blocked from the Strait of Hormuz entering month four. ➡️ Global inventories have already lost over one billion barrels with no end in sight. ➡️ The market is trading off social media posts instead of physical barrels and actual tanker data. THE DEMAND DESTRUCTION THEY ARE BLOCKING ➡️ To balance this market oil needs to rise high enough to destroy 10 million barrels of daily demand. ➡️ Every jawboning headline keeps prices artificially low and prevents that destruction from happening. ➡️ The slack in the system is being chewed through day by day with nothing to replace it. THE VIOLENT RECKONING AHEAD ➡️ Ross Hendrix warns we should already be at $120 to $130 if the market were pricing reality. ➡️ Instead we are being set up for one of the most horrific price spikes in commodity history. ➡️ The longer they suppress the truth the more violent the snap higher will be when the final buffer disappears. THE BOTTOM LINE They are not managing a crisis. They are managing the narrative while the physical oil market burns. When the last barrel of slack is gone the price will not politely rise. It will explode. HT: YouTube Michael Farris (Coffee and a Mike) @Ross__Hendricks #OilManipulation #HormuzBlockade #FakePeaceDeals #EnergyCrisis #OilPrices #ViolentReckoning #MarketTruth



















