oil

🚨 BREAKING:
$TRUMP U.S. markets are heading into the open with a full macro shock on deck.
Peace talks with Iran have broken down, and Trump has now moved toward a U.S. naval blockade tied to Iranian port traffic around the Strait of Hormuz — one of the most critical energy chokepoints on Earth. Oil is ripping higher, tankers are already pulling back, and risk sentiment is cracking fast. This is no longer headline noise. This is real geopolitical pressure hitting energy, inflation, and global markets all at once. Volatility is not waiting for the bell — it’s already in motion. 🌍⛽📉
#TRUMP #market #oil #BinanceSquareFamily #Follow4more

The U.S. military has said that it will start a blockade of the Strait of Hormuz at 10 a.m. Eastern on Monday for vessels "entering or departing Iranian ports and coastal areas," as President Donald Trump reportedly weighs limited strikes on Iran following failed weekend negotiations.But the Pentagon noted that ships moving through the strait that are not destined for or departing from Iranian ports will be allowed to sail.#oil #USMilitaryToBlockadeStraitOfHormuz
In response, Iran’s armed forces have warned that "no port in the Persian Gulf and the Sea of Oman will be safe" should the blockade take effect, calling it an "act of piracy," according to state broadcaster IRIB. Tehran will also not allow U.S. ships to pass through the Strait of Hormuz and will protect its territorial waters, IRIB reported.
Iranian Parliament Speaker Mohammad Bagher Qalibaf also declared Sunday that Iran will not yield to threats. Addressing Trump directly on social media, Qalibaf stated, “If you fight, we will fight."
It was not immediately clear whether U.S. allies would be involved in blockading the Strait of Hormuz. Speaking to reporters on Sunday evening, Trump criticized NATO for not helping with the war effort in Iran, reiterating that Washington was seriously examining its relationship with the organization.
Oil prices rose back above $100 a barrel on Monday, while global stocks wobbled.
The weekend’s news is potentially another blow to markets, although investors have so far interpreted it fairly cautiously," said Thomas Mathews, Head of Markets, Asia Pacific, at Capital Economics.

Oil prices are significantly underpriced and should be much higher than current levels if the U.S. proceeds with a planned naval blockade of the Strait of Hormuz, according to a veteran oil market executive.

Brent crude (CO1:COM) climbed above $103 a barrel on Monday, before settling at $101.6, after weekend talks between Washington and Tehran failed to produce a deal, intensifying an already fragile global energy backdrop. U.S. West Texas Intermediate (CL1:COM) climbed over 7% to roughly $104.

"The number we saw this morning — $103; 8% increase — is not reflective at all of what could happen if the US really decides to go with this interdiction,” Onyx Capital Group managing director Jorge Montepeque said on Bloomberg Television, “It really makes no sense. It should be $140, $150.”

U.S. forces are set to begin enforcing the blockade at 10 a.m. New York time Monday, targeting all vessels entering or leaving Iranian ports. Montepeque warned the move could turn a regional conflict into a global one, potentially disrupting up to 12M bbl/day of supply and triggering a sharp repricing in oil markets.

“This is, in one word: demented,” Montepeque said in the interview. “It makes no sense what the US is doing because they are so focused on Iran that they are losing sight of what they are causing to the world. And the pain is in Asia, the pain is in the South Pacific, the pain is in anybody that depends on oil.”

Oil prices may be around $100 a barrel for rest of the year if Trump dials back some of his actions, Montepeque added.
#oil #USMilitaryToBlockadeStraitOfHormuz #US-IranTalksFailToReachAgreement #HighestCPISince2022 #MarketCorrectionBuyOrHODL?
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