Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, warns market veteran Jeff Currie

[gab13by13]

2. Yes, you get it,

I was about to post the same thing. Many countries have drawn down their oil reserves and there are consequences beyond supply for doing this.

The leaders of Iran are not stupid, they know that time is on their side. Iran will go through economic hardship but it will never give up its newly given power, control of Hormuz.

Also, more than oil goes through Hormuz, lots of cargo ships not getting through will cause other shortages. Iran can wait this out.

Also, if Krasnov decides to bomb again, well there goes oil to $150/barrel. Krasnov fucked up listening to Bibi.