Iran verschärft die Kontrolle über die Straße von Hormus, Trump warnt vor „Erpressung“

There is no leverage except the most extreme one. What is most shocking is that the oil market which is supposed to be rational has completely fallen for Trumps lies. To put it in perspective of how badly the oil futures market has screwed up. The 1970s oil shock was 1/2 the magnitude of this and the world economy saw interest rates exceed 19 percent as inflation surged. That was 150 days. This is twice the magnitude and is already lasted 50 days. If it lasts another 25 days we are back into the same oil shock the 1970s saw. Perhaps worse as a big chunk of our economies are tied to air travel and delivery services. Yet oil futures are trading at $80 barely above the normal range of $65-$75. What this means is that refinery margins are going to go deeply negative which will cause potential bankruptcies unless the taxpayer bails them out.