
Oh You Shouldn't Have! (Missiles That Is)
Alright people gather 'round! It seems our friends in Iran decided to send us a little 'thinking of you' card in the form of a missile strike. Apparently they weren't too thrilled about us tinkering with their nuclear toys. But here's the kicker – nobody got hurt! Not a scratch! It's like they were aiming for the sand or maybe just trying to send a strongly worded message. Either way investors are doing the 'happy dance' because they think this means we're all going to play nice now. Oil prices? Down they go! WTI dropped faster than I drop bad guys – a whopping 7.22% to $68.51 a barrel. Brent crude wasn't far behind shedding 7.18% to settle at $71.48. JARVIS remind me to short some oil futures... just kidding! (mostly).
Peace Through Superior Firepower? Sounds Familiar...
So the big brains are saying Trump's playing some kind of 'escalate to de escalate' chess move. You know show 'em the big guns so they back down. I've been there done that bought the T shirt – and the arc reactor. One Helima Croft from RBC Capital Markets even called it 'peace through strength.' Sounds suspiciously like my playbook if I do say so myself. And Trump himself thanked Iran for the heads up on the missile strike. I mean who sends a thank you note after a missile attack? Talk about mixed signals! Next thing you know he'll be inviting them over for tea and crumpets. Still if it keeps the oil flowing and the markets stable I'm all for it. Maybe.
Strait Up Trouble (Or Not?)
Now here's where things could get a bit spicy. The Strait of Hormuz. You know that little waterway where 20% of the world's oil supply likes to take a daily swim. There were whispers that Iran might try to shut it down which would cause more chaos than a Stark Industries board meeting after I've had too much coffee. But luckily cooler heads seem to be prevailing. Even Senator Marco Rubio – bless his heart – warned Iran that closing the strait would be 'economic suicide.' He's right of course. It's like cutting off your nose to spite your face... or in this case your oil exports. And nobody wants that especially not China who gets half their waterborne crude from that very strait.
China to the Rescue? Don't Hold Your Breath...
Rubio's even nudging China to have a 'little chat' with Tehran. 'Hey guys maybe don't close the strait? Pretty please with sugar on top?' I'm not sure how effective that'll be. China's got their own way of doing things which usually involves a lot of silence and strategic tea drinking. But hey a little diplomatic pressure never hurt anyone. Except maybe the guy on the receiving end of my repulsor blasts. I digress. The bottom line is the market's breathing a sigh of relief for now. No Strait of Hormuz closure no major casualties just a little bit of geopolitical drama to keep things interesting. As Pepper always says 'Try to keep the world safe huh Tony?'... Sigh... I am trying Pep I am trying...
Pepper's Wisdom: Keeping it Cool Calm and Collected (Like My Armor)
Remember folks the market's a fickle beast more unpredictable than my dating life pre Pepper. This whole situation could change faster than I can say 'I am Iron Man.' But for now it looks like everyone's taking a deep breath and hoping for the best. It's moments like these I wish I had more time to tinker with Extremis. And I wish Pepper was here to keep me grounded. Speaking of gotta run the suit needs an oil change. And maybe a new paint job... or maybe I should just build a new one. Decisions decisions.
Iron Man Out! (For Now)
So there you have it folks. My take on the oil market's latest roller coaster ride. Stay tuned for more updates and try not to do anything I wouldn't do... unless it involves saving the world. Then by all means go nuts. Iron Man out!
Comments
- No comments yet. Become a member to post your comments.