Geopolitics for people with oil futures open.
The Trump administration has taken equity in some 40 companies in 18 months, from Intel to rare earths to a Venezuelan driller. Most of those stocks ripped on the day the check landed. With Brent near $115 and a renewed Iran campaign reportedly penciled in for after the midterms, the next line in the portfolio points north.
Tehran singles out Sinokor tankers for 'action,' another vessel burns on a mine, oil drops 2 percent—welcome to the Hormuz Enigma.
Iranian Revolutionary Guard confirms naval mine strikes; spot charter costs surge while crude exports somehow climb year-over-year.
Two million barrels gone, Brent at $110, and Tehran says the ship took a wrong turn through a minefield nobody charted.
The strait's open, tankers are routing around it, and fuel prices keep climbing—because the ship shortage now starts at the shipyard.
Middle East crude exports are back above where they started, but insurance costs and tanker attacks tell a different story than the volume numbers.
Negotiations to reopen the Strait collapsed over the weekend, oil jumped 4%, and Europe's gas markets are pricing in a long winter.
Iran hit another tanker, traffic through Hormuz is down, and diesel's the first fuel to crack under the weight of a still-broken Saudi bypass.
Attacks shut the East-West line that moves 5 million barrels a day around the strait, pushing Brent past $109 and diesel to record highs.
GLND already owns 4.42 percent of 80 Mile, is offering a 46.7 percent premium for the rest, and has until October 6 to make it firm. The Nasdaq company that controls most of Jameson Land is buying all of it.
Iran accuses the US of striking an oil tanker near its largest export terminal; Washington denies it; the Strait stays tense and prices stay high.
Two publicly listed operators, one very large island, and a plan to put the world's oil and mineral assets on a single verified map. We read the filings and the whitepaper so you can pretend you did.
Struck on July 20, held stationary since the 21st, crew off the vessel. The deal reopened the strait. Incidents like this are the fine print.
Twenty tankers finally exit Hormuz after the deal. Flows are back to 4.8 million barrels a day. The strait reopened, the risk premium never fully will.