3 ms·
I am continually baffled at how seemingly calm the markets are during all of this. From my reading, there are going to be massive energy shortages. Oil/gas infr
by 0cf8612b2e1e 7mo ago
I am continually baffled at how seemingly calm the markets are during all of this. From my reading, there are going to be massive energy shortages. Oil/gas infrastructure is continually being damaged and wells cannot easily restart when stopped. If all hostilities ended today, it would still be months to return to normalcy. I have my doubts that peace is on the horizon.
What am I missing? Or is there just unbridled optimism that things work out in the end?
- u1hcw9nx 7mo agoI think the most likely outcome is that Iran's $2 million per ship Hormuz toll becomes the new normal for several years and the US gives up freedom of navigation and control of Hormuz. After Trump is gone, it's time for real negotiations.