The oil price has lost all the risk premium that it had gained since Israel's attacks on Iran started, so the market judgement is clearly that Iran will not attempt to close the Strait of Hormuz… (View Post)

Yes. Requiring a proportion of a development to be "affordable" is displacement activity from tackling the core problem of a mismatch between demand and supply. (View Post)

As far as I can see oil prices have failed to react to the Iran War developments over the weekend. So the market either believes that Iran won't try to close the Strait of Hormuz, will be unable… (View Post)

I'd be surprised if the Straits are not closed now. If not now, then when? (View Post)

I don't see a single bombing raid against Iran as going "further than any POTUS before." It's on a par with bombing raids that have occurred under every US President for decades, … (View Post)