BREAKING: The Strait of Hormuz is now completely empty, with today’s Sentinel 2 satellite imagery showing no vessels currently visible anywhere in the waterway.
The imagery comes after Iran’s IRGC announced it struck 19 “violating” ships across the Strait over the past two nights.
The Strait of Hormuz is now showing virtually no visible maritime traffic as Iran continues enforcing its closure.
@BhanuKonepalli@DarioCpx It's rollover price I think. From now on it's the next month who is front, and cause of backwardation it looks like a dip, but it's not.
@GavMcCracken No new attack. Except a truth from Trump tomorrow 5.55 calling it off, or CBS reporting that Trump is nice and didn't wanna go through with it.
@OVelvet239@DarioCpx Thinking the same. No new attacks reported. Wait 5.55 Sunday pm and see a Truth from Trump calling it off, or CBS reporting Trump personally was nice and didn't wanna bomb. Classic pump and dump.
Funny how all of a sudden the oil tankers sunk or disabled, the crude oil facilities bombed in Kuwait and Bahrain, and all the Middle East war developments during the weekend don't matter, right?
Kuwait oil exports were already zero, if an oil facility is destroyed exports will remain zero, so it does make sense that week end oil prices barely react, right? 😉
🔴 Washington and Tehran are moving closer to a multi-stage interim agreement that begins with de-escalation and could eventually address Iran’s nuclear program, according to informed sources
🔴 The discussions reportedly center on an unpublished draft memorandum outlining a framework implemented in four sequential phases, each dependent on mutual compliance
🔴 The first phase focuses on stabilizing a ceasefire, preventing further escalation, and avoiding the opening of new regional fronts, with Iran insisting Lebanon be included in the arrangement
🔴 The second phase is said to address maritime security in the Strait of Hormuz, including restoring full commercial shipping flows and easing restrictions on vessels and energy routes
🔴 The third phase would involve limited and gradual economic confidence-building steps, including partial sanctions relief, release of frozen Iranian assets, and easing oil export restrictions
🔴 The final phase would tackle major strategic issues, including Iran’s nuclear program, uranium enrichment levels, international monitoring mechanisms, and long-term regional security arrangements
@DarioCpx But I don't understand. If people choose to take delivery, short holders are obliged to deliver right? Why do they not come in a short squiz? Are those contracts instead settled off the record behind closed doors with cash?