No. of Recommendations: 14
The winning continues...
"Oil prices jumped Monday after President Trump said the U.S. would reimpose a naval blockade in the Strait of Hormuz."
"Brent crude futures, the international benchmark, advanced 9.6% to close at $83.30 per barrel."
“We are reinstating the THE IRANIAN BLOCKADE, so named because it is only stopping Iran’s ships or customers from entering or leaving. All other countries will have fair and open use of the Strait."
Trump said in a post on his money losing social media platform."
Don 'Corleone' Trump said the U.S. will protect traffic in Hormuz but demanded reimbursement equivalent to 20% of all cargo shipped.
"About 20% of the world’s oil supplies transited Hormuz before the U.S. and Israel attacked Iran on Feb. 28."
And...
The U.S. Strategic Petroleum Reserve has cratered to its lowest level since 1983, a 43-year low!
Truly, another masterstroke from Trump: because you don't need an emergency supply of oil when you have an unlimited supply of stupid!
The Trump administration authorized a massive 172 million barrel release to combat soaring global fuel prices and shortages triggered by the illegal war.
Because the reserve has been tapped so frequently, experts note that the physical infrastructure of the underground salt caverns is facing severe strain,
causing the maximum daily extraction capabilities to slow down significantly...
The Trump philosophy: strip it bare now, blame someone else later.
Another tremendous, victory! Congratulations MAGA!
thehill.com - Spr strategic oil reserve iran strait of hormuzcnbc.com - Oil price strait hormuz iran trump tanker