Oil markets starting to get it that the Strait of Hormuz crunch is not just a transient inconvenience.
Above, market expert Jeff Currie outlines the pressure points in the market that are now responding.
President Trump’s Executive order to allow Truckers access to “off road” grade Dyed Diesel, will not have much positive effect.
New reporting from Bloomberg points out that, although some oil is moving from the Persian Gulf, the cost of operation has skyrocketed.
It now costs $77 million to hire a very large crude carrier to move US oil to Asia, ..The average in 2025 was $9.2 million.
Today, the Wall Street Journal reports that Iran is pushing attacks across a wider area, creating greater uncertainty. A recent attack far from the Strait of Hormuz caused oil prices to jump again.