Oil Surges as Iran Plans Drills to Close Strait of Hormuz

[Samba]

6. Hid in there - the fed plans more money-printing

More quantitative easing - buying bonds with money that didn't exist before.

That will make dollars cheaper and by itself explains a 3% move.

Also "“There are Iran and OPEC headlines but none explain this move,” said Mike Wittner, head of oil-market research at Societe Generale SA in New York. “The Iranian exercise was announced earlier. They have held many exercises in the Strait of Hormuz over the years and so have the allied navies.” He's saying Iran isn't the cause.

Someone wants to pump the price up by injecting it with fear.