You guys need to understand that reaching a resolution with the Iran war is the most important thing in global markets right now. Nothing comes close, not even Muse or DRAM contract hikes! All roads lead back to Iran and gosh do they know it...

The situation is literally like that meme where the backpack is being kept on by a single thread. Roughly 20% of the world's oil supply normally flows through the Strait of Hormuz, along with a massive share of LNG (mainly from Qatar) and current transits are ~5% of the pre-war levels. Let that sink in.

Keeping the SOH shut for so long has caused the biggest oil supply shitshow in history. In fact, it's nearly 3x bigger than the 1973 oil embargo...and it's seeped into daily lives now to the point where I think it's absolutely ludicrous that they've not reached some sort of resolution....until now?!

It's no surprise to see the markets love it whenever news of a potential ceasefire comes through. It's absolutely crucial to end this quickly!

1% chance, 99% faith.