Iran

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

Post in thread 'Oil Market News, OPEC+, sanctions and price shocks'

How the Iran War Is Rewiring the Oil Market​

Jul 17, 2026 #Iran #Oil #Economy
The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons for that may hint at a rewiring of global energy flows.
That unexpected resilience of markets has many explanations, but it’s forcing a bigger question: does the world simply wait for the critical waterway to normalize, or start building alternative routes, inventories and supply systems to hedge against future risks...
 
USNI News

U.S. Disables Ship a Day Into Blockade, Strait of Hormuz Transits Hit Low As Risk Appetite Falls​

U.S. Central Command forces disabled an oil tanker, shooting Hellfire missiles in the ship’s smokestacks, just one day after the U.S. reinstated the blockade of all Iranian ports and coastline.

MT Belma (IMO: 9289491) was allegedly sailing toward Iran when CENTCOM forces said it ignored multiple warnings about violating the U.S. blockade. A U.S. aircraft then shot the Hellfire missiles into Belma’s smokestack, according to a Wednesday announcement from the U.S. command.

More:

 

What’s Going On In Iran?

Last updated July 17, 10:00 a.m. Summary On Feb. 28, the United States and Israel launched extensive airstrikes against Iran, targeting nuclear and
warontherocks.com
 

 
Sadly, both the USA and Iran are hitting civilian infrastructure, Trump is a failure.
 
DYODD here.

Markets brace for return to all-out war in Iran amid rising US death toll, while former NATO commander warns Suez Canal could be next​

Stock futures were mixed Sunday evening and oil prices continued to climb as the deaths of American service members over the weekend added more fuel to the U.S.-Iran war.

Futures tied to the Dow Jones industrial average fell 61 points, or 0.12%. S&P 500 futures were down just 0.05%, but Nasdaq futures were up 0.08%.

More:

https://www.msn.com/en-us/news/worl...al-could-be-next/ar-AA28fLmm?ocid=socialshare
 
Fatrat said:
Biden, we had cheap gas, no war, very little inflation, the Straight of Hormuz was open, no soldiers were dying....
Click to expand...
What're you talkin' about Willis? Gas was 'spensive as f'.

Inflation was through the roof.

Borders were wide open and letting people in by the millions.

Now with whore muz supposedly closed, gas is cheaper than when Biden's stupid ass was in there.

Edited to add: adjusted for inflation, gas should be at least $5/gal right now. That it isn't, is f'ing amazing.
 
Fatrat said:
gas here was 2.50...
Click to expand...
Gas hasn't averaged $2.50 a gallon since Trump's first term.

Soon as Biden got in, the average did nothing but go up. Was well over $3 a gallon for his whole term.

With a high over $5 a gallon in '22


$2.50/ gal under Biden? Lol
 
  • The U.S. has carried out its tenth consecutive evening of attacks against Iran.
  • Iran attacked a tanker in the Strait of Hormuz early Tuesday, while Houthi militants in Yemen declared a maritime embargo against Saudi Arabia.
  • Rystad Energy has warned about the risk of a significant rebound in oil prices.

U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire

The latest cycle of strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal for a 10-day ceasefire.
www.cnbc.com
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…