
Kaboom! Oil Prices Go Supersonic
Alright folks gather 'round! Seems like someone decided to light a match near the global oil barrel and things are gettin' spicy! After Israel decided to play 'hide the missile' with Iran crude oil futures went ballistic. We're talking a 13% jump people! Makes my suit's repulsor blast look like a gentle breeze. U.S. West Texas Intermediate shot up 9.66% to $74.64 a barrel and Brent surged 9.27% to $75.79. Biggest single day gains since 2020 I'm told. Now I’m no Nostradamus but even I can see this ain't good for your wallet at the pump. JARVIS remind me to buy more Stark Industries stock... just in case.
Operation: Remove the Threat... or Add Fuel to the Fire?
Apparently Israel launched what they're calling a 'targeted military operation' against Iran's nuclear and ballistic missile program. Prime Minister Netanyahu in what I'm sure was a totally chill and relaxed address said they hit Iran's main enrichment site their top nuclear scientists (awkward!) and the heart of their ballistic missile program. "This operation will continue for as many days as it takes to remove this threat," he declared. Reminds me of my own 'remove the threat' policy… usually involves more sarcasm and less actual explosions. But hey who am I to judge? I only built a suit of armor in a cave… with a box of scraps!
Uncle Sam Says: 'I Didn't Sign Up For This!'
U.S. Secretary of State Marco Rubio (not to be confused with a certain Miami based Senator) made it crystal clear that Israel went rogue on this one. "Unilateral action against Iran," he said. Basically they went in without asking for permission. Rubio warned Iran against targeting U.S. interests because apparently that's something you have to say out loud these days. "We are not involved in strikes against Iran and our top priority is protecting American forces in the region," Rubio said adding "Israel advised us that they believe this action was necessary for its self defense." Translation: 'Don't look at us we just work here!'
Code Red: Prepare for Missile Mayhem?
Israel's Defense Minister Israel Katz declared a special state of emergency anticipating a good ol' fashioned Iranian missile and drone retaliation. Because you know that's just what you do when someone messes with your stuff. Meanwhile Iranian state media is reporting that Hossein Salami Commander in Chief of Iran's Revolutionary Guards Corps [IRGC] bought the farm courtesy of the strikes. Things are escalating faster than my blood alcohol level at a SHIELD Christmas party.
The Oil Armageddon Cometh?
According to Andy Lipow from Lipow Oil Associates oil markets are now sweating bullets that Iran will retaliate by attacking either Israeli or American targets. Hello major military escalation and potential oil supply disruption! "Iran knows full well that President Donald Trump is focused on lower energy prices," Lipow told CNBC adding that actions by Iran affecting Middle Eastern oil supplies and consequently raising gasoline and diesel prices for Americans are politically… well you get the picture. It's all connected folks its a Rube Goldberg machine of global politics except instead of a tiny ball dropping at the end its the price of gasoline going up! Fantastic.
Wake Up Call or a Downward Spiral?
Saul Kavonic head of energy research at MST Marquee says the oil markets have been ignoring geopolitical risks for the last year. "Wake up call!" he proclaims stating that these risks are more "tangible and imminent" than many expect. "But the attacks will see some form of retaliation which could easily even if unintentionally spiral out of control," Kavonic warns cautioning that the airstrikes may embolden hardline elements in Iran that see further escalation becoming more likely. Well isn't that just peachy? Just when I thought I could focus on perfecting my nano tech suit and enjoying some downtime. Guess it's back to saving the world… again.
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