Geopolitics for people with oil futures open.
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.
From 138 vessels a day to almost none. One fifth of the world's oil and LNG is on pause, and the loitering clusters on the AIS map keep growing.
State media announces the closure after strikes on Lebanon. The most telegraphed escalation in modern energy markets arrives anyway.
The Hormuz explainer we wrote before it was cool. A chokepoint primer for degens who just discovered crude futures.