Strait of Hormuz

The Real Global Oil Crisis Has Not Begun – Yet. Gird Your Loins….

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Here’s what we know:

The world gets about 20% of its oil via the Strait of Hormuz. The Strait has been closed or nearly closed since the United States launched its war with Iran.

That launch date was February 28th. Today is July 13th. We’re approaching five months of little to no oil getting through the Strait.

That’s so far resulted in 1+ billion fewer barrels in global circulation.

Here’s what we don’t seem to know

BREAKING: US strikes Iran for seventh consecutive night, targeting military infrastructure

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Ret. U.S. Navy commander John ‘Fozzie’ Miller discusses U.S. Central Command’s seventh consecutive night of strikes targeting Iran’s military infrastructure and supply routes on ‘Kudlow.’

‘STICK IT OUT’: GOP senator says US action against Iran needed to force change

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Sen. Rick Scott, R-Fla., discusses GOP efforts to pass the SAVE America Act before Congress’ August recess and the United States resuming a naval blockade of the Strait of Hormuz on ‘The Bottom Line.’

TRUMP’S NEW IRAN MISSION: ‘It’s really very simply

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‘The Big Money Show’ breaks down the strong second quarter for stocks as President Donald Trump dispatches a U.S. delegation to Qatar for nuclear talks with Iran, while easing oil prices and geopolitical tensions boost investor sentiment. #foxbusiness #bigmoneyshow

OFF THE TABLE: Iran reveals what ‘will NEVER be’ included in US deal as Trump drops new warning

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President Donald Trump warned that he would take whatever action he deems necessary if Iran fails to uphold its commitments during a new 60-day roadmap agreement after talks in Switzerland.

Trump’s coalition of the Gulf states

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Operation Epic Fury did not begin February 28. It began in Donald Trump’s first presidency when he made his first trip abroad landing in Riyadh, Saudi Arabia, on May 20, 2017, accompanied by Commerce Secretary Wilbur Ross, Secretary of State Rex Tillerson, Melania, and Trump’s Jewish son-in-law and Jewish daughter.