BREAKING: US Treasury Secretary Bessent issues a warning to Oman:
"The US will not tolerate any effort to impose a tolling system in the Strait of Hormuz. Oman, in particular, should know that the US Treasury will aggressively target any actors involved - directly or indirectly - in facilitating tolls for the Strait and any willing partners will be penalized."
Yesterday, President Trump threatened to "blow up" Oman if they do not "behave just like everybody else."
$Silver - This is a big bearish candle but one big down day is not enough to confirm a bearish reversal. In January 1980 it had a 12% drop in early January that was followed by another big up move to new highs. Only a close below the 10 day MA will confirm a bearish reversal.