@BillPilgrim18@LordPos3idon exactly which is also why Houthis can’t be pressed. Some Iranians chose themselves over the whole Iran nation. Bullish oil since 260828, may still be so till IRGC men call it off.
@CRUDEOIL231 Thank you for sharing. Your honesty and transparency is second to none, and the insights are just next level. Very illuminating. Thank you and 감사합니다
@ALikhodedov Talked to friends and they confirmed these transits. Kuwait and UAE now pay Iran fees for transiting. That’s why Dubai has been this weak… Prompt cash market just so weak….
@ZmansEnrgyBrain any other thoughts? Cuz it’s hard to believe it’s gov movement plus no more added shorts from the graph in in May which doesn’t make sense
@CRUDEOIL231 Well demand destruction just quietly unfolds in china. Aircon sales tanked hard plus retail gas prices are high while wholesale prices are low to cap refineries’ refining incentives. Wouldn’t be surprised if china carry on little longer, also, if not, strait will open on demand.