The Bigger Energy Lesson Behind Iran’s Control Over the Strait of Hormuz
Oil takes big swings up and down on the basis of President Trump’s latest Truth Social post. Today’s announcement from Iran that the Strait of Hormuz is open to commercial traffic boosted the stock market and sent oil prices tumbling.
Still, the direction further out remains murky. But the answer may be right in front of us: long-term structural volatility. The world has woken up to a new baseline of instability in the Middle East that won't go away so long as the current regime in Iran remains and the country can control or simply block the Strait of Hormuz. And that instability is bound to create price volatility.
Forget the volatility in oil prices. Wait until the shortfalls in FOOD PRODUCTION start showing up next year. The volatility won't just be in the markets. It will be in the streets.
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