Oil prices surge above $100 as U.S. Navy to blockade Iran’s ports after peace talks fail

This! Probably the only war I have seen that is conducted only when the market is closed.

It's like someone paid attention during his first term

Someone needs to go to jail for this.

The only good pet is it’s so f****** transparent that you and I can profit from it. Everyone is wondering why the market hasn’t “caught on” but the market is caught on, everyone is making money. I don’t have a whole lot to play with but I’ve tripled my starting options wallet in two weeks just expecting failure followed by TACO

Its sickening how these people so openly are robbing all taxpayers moneys, they don’t even try to hide it anymore. They’re just trying to take everything there is left of money and value. I can’t fathom how people in the US are not massively protesting every day. Why don’t anyone seem to care about how we’re being taken advantage of?

>It also accelerates adoption of green tech. I impulse purchased an EV two weeks ago. My wife and I had been talking about replacing the older car for around a year so not a complete impulse buy, but we didn't look at EVs until that week.

On the same token, to some extent, governments could get involved with price controls and caps, etc. That doesn't happen because it generally results in shortages, supply chain disruptions, production decreases etc. In short, it does more harm than good outside the scope of a timeline of a week or two, if at all. Companines could sell their products for less, yeah. But they rather up the risk to their business the more they do it and they longer they do it for. Businesses like low risk, high reward scenarios. They aren't gunna intentionally take on a huge level of risk, when they could instead see a big profit. It's just how the economy works. To be as sympathetic as possible to the idea here, this is a "don't hate the players, hate the game" scenario, and socialism doesn't have any sort of modern success story.

Also… get this… there are millionaires and billionaires out that who’s business purchase said oil and this now have worse margins. How quickly we’ve forgotten that blatantly obvious fact.

>It also accelerates adoption of green tech. Trump and Co. repealing the EV credit says that they're intent on blocking a shift in that direction. If the Dems win a majority in the midterms perhaps it'll be put back. But as it stands it's like having a 80% tariff for foreign cars in 1980.

I doubt they’re giving a singular f***, while lining their pockets. It’s all the same issue with these people “short term gains at any cost of the future because they won’t be around nor care”.

Yeah, it has to go up slowly so people get used to it and accept it.  They are playing a masterful game of _just the tip_ With the consumers.

They’re the ones setting the prices - nobody is forcing them to charge high amounts, if they don’t want to.

You can’t trade commodities without a 6 figure account due to regs. Sort of like you can’t buy land under a certain number of acres in some counties.

That's the neat part, We don't! We're not in the echelons that matter or get good stock rates.

If you want to own an oil company, you can. Even if you can’t afford the whole company, you can have shared ownership with other people. That’s the concept of stocks.

"with increased profits, we now have the capital to invest in AI. You are now required to wear this headset to train your replacement robot."

The Krusty the Clown of electorates.

Half have the memory of a goldfish and the other half are so deep in conspiracy theories but refuse any conspiracy of trump and Epstein or russia and are fully loyal to trump. They fully believe this is short term pain for long term gains. They also dont see any of the Tarrifs as bad as they fully buy into the Trumps words. They believe the world has "taken advantage of them" and that there was "unfair trade."

Goldfish have been unjustly maligned. They actually have memories of months to years. Voters, on the other hand, can’t remember if a candidate killed their grandpa and made them lose their jobs.

I know a former methhead on Medicaid that watches Fox News. Don’t hold your breath.

Oh, they remember. They just choose to ignore how awful their representatives are.

People might have the memory of a goldfish, but the gas price doesn't. It'll keep that particular issue fresh for a while.

its precisely why he always kicks the can down the road to the tune of two weeks. its just enough time for people and the media to forget and move on

Feel like that's an insult to goldfish. At least goldfish can be trained to do tricks.

To be fair, many don’t pay attention until the last two to four weeks before voting day.

And the IQ of a pissed-on toilet seat

While true, the cult following of maga/republicans just simply don’t care, and are too dumb to realize they’re being lied to and manipulated. They won’t remember anything, because they don’t see it to begin with.

Do not forget about the broken infrastructure. There is no way oil production and distribution (so price) will be back to pre war levels within a year. We are probably looking at 2+ years for that. The only reason oil would significantly drop sooner is a big recession but that’s also not exactly great news..

Something like 55% of the market is traded using AI algorithms that use keyword searches on news headlines to make near instant trades based on world events. If you can manipulate headlines during major events you can push the markets in one direction or the other for a period of time before things settle.

They're not able to get close enough to bomb data centers in the US. They could bomb the GCC states if the US "destroys a civilization" and all the Iranian power plants though. That might affect American AI data centers since it relies on GCC funding.

This war is different it's like reality tv drama + market manipulation+ the usual war stuff like bombing and all packed into one

Let's say iran allowed them without toll maybe 10-12 ships but still the straight of hormuz is closed at the mercy of Iranian .. what USA can do it long run to open the straight ... Even if USA bomb iran to smithereens iran can keep the straight close all they have to do it to hit 1-2 ships with drones insurance goes up straight remain close ...