Iran War and the Impact on Oil

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There is talk about the US maintaining the blockade on the straits for good few months, with their objectives being to cause supply shortages and suffering to make Iran accept their daft total surrender such that a puppet regime can be implemented with a view to syphoning Iranian oil by US corporations.

The other side of the coin is maintaining the fleet and all the costs entailed with troop changes and morale on the US power. With elections nearing and Trump's popularity falling, how long can the US public sustain support if any for this futile war started by Israel?

All at the same time as benefitting both Russia and China because, oil flows at higher prices and China is not really affected in any meaningful way. On the contrary relations between Russia and China further improving along with trade.

US has badly calculated gains and losses in this war and at the same time Israel led by Nethanyanu has clearly become the genocidal sick man of the globe.

This is a very good article which captures World Wide opinion on the US and Israel imho. Outside of the biased and highly controlled media in the West. Worth reading.

 




 




 

Iran Strait Talk – The Professors Are Lying To You




 
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It appears that, once again,Trump has been talking to the imaginary Iranian diplomats in his head and, according to him, a peace deal is all but agreed and will be announced in a day or two. Doubtless, he told family and friends before the markets closed on Friday that he'd be making this announcement over the weekend so they could short Brent Crude in the expectation that the market gaps down on the news on Monday. Whereupon, said friends and family duly bank their profits and say thank you Mr. President.

Needless to say, the real Iranian diplomats no nothing about this deal and when it becomes obvious to all and sundry that the Strait of Hormuz is no nearer to being open next week than it was last week, oil prices will, inevetably, shoot back up. How many times have we seen this play? Hopefully, I'll be proved wrong this time and there really is a deal and this complete shit show will come to an abrupt end. But I won't be holding my breath.

If my pesimistic prediuction proves to be correct - buy the dip. Daily chart of Brent Crude, below.

BRENT_2026-05-24_10-02-47.png
 
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