Like gold, the silver marker is migrating to Shanghai too because there is where the real commodity is being held and priced not just empty paper contracts more and more disconnected from reality
The US is being very smart about the blockade. It dangles prospects of peace to markets, which caps oil prices. That defangs Iran's main negotiating leverage, which is to cause panic and push oil prices higher. The mullahs are getting pushed into a corner.
https://t.co/7lGPw7xLTz
@shanaka86 Russia can start delivering oil via the Arctic passage which will be open soon. Thereafter Power of Siberia 2 pipeline (approved by China sometime ago) will be completed.