I was thinking of selling puts because of TACO, but it appears I ran out of margin.
15
xnmyl5 days ago
+1
It's Tuesday now
Brent futures for June contracts down ~5% since your comment. Congrats to anyone that bought puts
1
Think_Monk_98795 days ago
+1
Trump follows a pattern.
1
Strangedreamest6 days ago
+64
The art of the deal
64
Tumble855 days ago
+5
Bigliest deals. Tears in their eyes!
5
Stampede_the_Hippos5 days ago
+1
End of blockade is tomorrow
1
Novel-Lifeguard64916 days ago
+26
The question is whether either side blinks before the energy markets do something neither government can control.
26
Disc0Disc0Disc06 days ago
+12
Who does it hurt more if they block for a month for example, world economy or Iran. Feels like world economy would hurt more.
12
tweeglitch5 days ago
+15
It's not just a matter of who it will hurt more. It's also a question of whose population (specifically Iran's or the US's) has the greater capacity to withstand hardship. Who will break first?
15
drunkenbrawler5 days ago
+14
The US population is already fed up with the war. The question is rather what Trump will do. A crazy old guy is holding the world hostage.
14
AlternativeScratch945 days ago
+7
To be clear, Trump's goal here is not to convince Iran to fold, obviously they're not going to randomly do that. His goal is to make this so painful for the rest of the world that they join him in pressuring Iran. He wants the rest of NATO and China to be hurting real bad.
I don't think it will work personally, particularly because the mid terms are coming up so these countries will try to ride it out and hope it goes away. But that's where he's coming from.
7
trevor4266 days ago
+6
Around 30% or Iran's entire economy relies on trade through the Strait.
Around 20-30% of all global sea trade goes through the Strait.
6
nekonight6 days ago
-6
Its probably going to be Iran. Iran was making bank during the war since only their ships can export oil from the gulf. They made up something like 90+% of the transits during the war so far. But their oil mostly went to China and in the overall world market Iran export is fairly minor due to the sanctions and amount. So functionally the market already ignores the Iran input into the world market.
-6
B0risTheManskinner5 days ago
+6
Saying the market ignores 20-30% of oil input to the global market is so wrong lmao
6
giantroboticcat5 days ago
+1
The Paris Agreement asked for a 3% global oil reduction annually by the year 2050 and everyone argued whether that was possible. But sure, 30% less oil overnight can be ignored...
1
phono_trigger6 days ago
+18
Imagine the 24 hour news cycle on Fox News if biden had attacked iran and gas prices were through the roof.
Instead here is what Fox News is feeding the cult:
>Trump doubles down on criticism of Pope Leo
>U.S. offered new base to combat Iran
>Terrified residents vow to move after illegal car mob gathering
>GOP plots to break Homeland Security shutdown by cutting Democrats out of the process
>Teen driver launches car off overpass
>Democrat county DA drops charges against suspect with 30 arrests
>Barron Trump’s new beverage
>ESPN and golf
>I Dream of Jeannie actress
18
TK421missingfrompost6 days ago
+12
But SPY is up, make it make sense
12
kananishino6 days ago
+1
Because it's not as bad?
1
NAh945 days ago
+9
No, it’s worse. The futures have completely uncoupled from oil spot price, speculators are short-selling oil to finance going long on /ES on the hopes ^TM that spot oil prices crash before they have to deliver.
We will see how that works out. If the blockade-ception continues Iran has threatened more bombings of energy infrastructure
9
InsanelyAverageFella6 days ago
+8
Trump: You can't block the strait! I'm blocking the strait. You aren't raising oil prices! I'm raising oil prices!
8
kraftdinnerwithsalsa6 days ago
+75
All of this because America couldn’t vote for a woman
75
swagonflyyyy6 days ago
+47
Its even more pathetic than that: America thought prices were too high.
47
[deleted]6 days ago
+9
[deleted]
9
Sycite6 days ago
+17
I mean, egg prices have actually gone down since he took office. Now, that's because prices were high due to restricted supply because of the bird flu that was happening at the time; but you might want to pick a different example there.
17
0neMinute6 days ago
+7
Best example would be gas, remember all the Biden “i did that “ stickers while Biden was running? , i understand Kamala took over but still same President race.
7
Glass_Librarian90195 days ago
+8
We couldn't take the risk of her getting emotional and invading a country without any goals or a plan to get out
8
ahothabeth6 days ago
+9
Thank you, Mr President, for "**Trumpflation!**" to distract from the "**TrumpStein**" files.
9
sA1atji5 days ago
+5
and who profits?
Trump's billionaire friends and Russia.
5
Little_Buffalo6 days ago
+9
Trump is a f****** idiot! Impeach!
9
EN3RGIX5 days ago
+1
He's already been impeached twice. Do you really think a third time will accomplish anything?
1
Little_Buffalo5 days ago
Yes it will get him out of office.
0
EN3RGIX5 days ago
The first two didn't.
0
Little_Buffalo5 days ago
That means what?
0
doomeddeath5 days ago
+3
Imagine having a woman in charge with "a weird laugh"
pheewwww
3
Sad-Corner-99726 days ago
+2
*$100/barrel
The dollar sign leads the amount.
2
Dude-Good6 days ago
+1
Winning!!
1
dethnight6 days ago
+1
Everything bad is temporary and everything good is permanent.
1
Avoidtolls5 days ago
+1
Stonks are up!!
1
Ditka855 days ago
+1
Winning!
1
moschles5 days ago
+1
IN quiet, you can hear the distant un-corking of champagne bottles inside the Kremlin.
41 Comments