ATH was <$148 and we're not even breaching COVID highs and we're down ~30% from three days ago.
toomuchtodo•1h ago
If they successfully mine the Strait of Hormuz, this price target is reasonable. No insurance will cover vessels attempting to transit the strait if mined. Sal Mercogliano Of "What's Going on With Shipping?" covers this in his latest videos [1]. Bloomberg has been covering this in great detail also [2].
That would be a foolish move for Iran, but they seem to be making a lot of foolish moves. Isn’t there a saying about never throwing away the moral high ground? As though they are trying to out-stupid Netanyahu’s man in the whitehouse.
tartoran•36m ago
Kindof stupid to attack them the way we did, no planning, rash, cruel (school children killed) etc. Now we're all going to have to suffer through the consequences regardless of whether the Iranian regime survives or not.
10xDev•1h ago
They are attempting MAD but without nukes. The problem is that while the US seems to have obliterated Iran, they have no endgame plan on actually accomplishing a regime change. They thought about arming Kurdish Iranians but wen't against the idea, now we seem to be in a perpetual state of "it is over / it is not over".
goodmythical•1h ago
toomuchtodo•1h ago
[1] https://www.youtube.com/@wgowshipping/videos
[2] https://www.bloomberg.com/industries/energy