The Invisible Hand Of The Market My Ass [View all]

Crude dropped to 80 dollars a barrel because oil is shipping through Hormuz. Iran has been shipping oil through Hormuz the whole time.

As a matter of fact Iran has been shipping more crude to China after the war began. Iran is choosing which countries get to go through, right now it is China, Pakistan, and India.

I saw the headline from an article that claimed, Crude drops because Iran has decided to partially open the Strait of Hormuz. I laughed my ass off.

This is why Krasnov can't bomb the oil installations on Kharg Island, crude would skyrocket, yes Iran would be devastated economically, but it would also turn into a cornered rat with nothing to lose and respond with everything it has.

Oil is being manipulated to remain around 80 dollars a barrel is my prediction, Unless the Houthis cut off the Bab-el-Mandeb strait.