🟥Oil permabulls need to read this:
💥China’s weekly crude oil imports fell last week to the lowest level in 11 years.
💥On a monthly basis, June crude imports are on track to be the lowest in 10 years. (Kpler data)
💥Every barrel of this decline vs pre-crisis levels is a real drop in global oil demand.
The S&P 500 has NEVER
• Not once
• Had a terrible Friday (-2.5% or worse)
• Remained fully above Friday's close on Monday
• BUT THEN
• Taken out Friday's close on Tuesday by more than -1% (at *any* point intraday)
▶ UNTIL
▶ JUST
▶ NOW
🚨 let me tell you what this actually costs you because I'm sure most people don't know..
Obama returned $1.7 billion to Iran..
and here's the part nobody wants to say out loud.. that was Iran's own money.. impounded funds.. a Hague-related ruling.. not a single dollar of yours..
the Strait of Hormuz was open the entire time.. free.. no deal required.. no war required..
now run the math on what just changed..
Trump backed a conflict that closed the Strait.. 20% of the world's oil supply.. gone.. and the proposed fix is a $300 billion reconstruction fund for Iran.. linked to US envoys Witkoff and Kushner.. pending Trump's final sign-off..
$1.7 billion of Iran's own money = open strait..
$300 billion of your money = maybe open strait.. for 60 days..
that's a 17,547% cost increase to get back to where we started..
and the people who spent years screaming about the $1.7 billion are the same people calling this 4D chess..
the system worked for someone today.. just not for you.
I'll share more updates shortly, turn on notifications before it's too late.
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Nobody is now afraid of diminished empire.
Ukraine doesn’t care and hitting Russian energy infra structure
India does not care about US sanctions on Russian oil anymore
Europeans don’t allow US to use its own military bases in Europe for strikes.
Saudi Arabia requesting Greece to help them with operating Patriot batteries.
GCC royal families are angry at the mess U.S. has created in ME and possibly leaving them with the mess.
Strait of Hormuz which was open for navigation before this war .. will be hopefully open again for navigation with a toll now .. well done.
Houthi’s are raring to go and hit a tanker in Red Sea as they believe that their talents are getting wasted.
US was suppose to play 6D chess with China but now China is having free navigation in strait of Hormuz and now buying the oil to sell it to back to US allies in Asia.
Japanese Prime Minister is having a call with Iranian foreign minister to allow for navigation bypassing Americans
Nobody cared about Iranian military power till couple of months back and now they are perceived to be top 5 military power.