Everyone keeps asking the wrong question about Iran. “Why hasn’t Trump crippled Iran’s oil exports?”
Kharg Island handles about 90% of Iran’s oil exports, making it a critical but vulnerable target. Striking it could quickly cripple Iran’s oil economy. However, it has not been attacked because doing so could trigger retaliation against Gulf energy infrastructure and cause a surge in global oil prices. Some analysts suggest the strategy is to preserve Iran’s oil assets rather than destroy them. Source: FT, Mario Nawfal
BREAKING: President Trump says the "war is very complete" in Iran, and that Trump is considering "TAKING OVER" the Strait of Hormuz to accelerate oil tankers passing through
Source: Nick Sortor @nicksortor
Today, oil printed one of the biggest shooting star candles we have ever seen
* $35 range * Rockets 30% higher Sunday night (green) * Crashes 30% the rest of the day (red). Source: Jim Bianco @biancoresearch
The last 24 hours of trading in the April 2026 WTI trading might be the wildest day in the 40+ year history of crude oil futures trading.
* $35 range * Rockets 30% higher Sunday night (green) * Crashes 30% the rest of the day (red). Source: Jim Bianco @biancoresearch
Iran's strikes on the UAE are fading:
33 projectiles were fired at the UAE on March 9, down from ~350 on each of the first two days. 3 likely reasons: 1 )Iran may be shifting to an attritional strategy after proving it can turn the Gulf into a live fire zone. 2) Stronger air defenses across the Gulf are reducing the effectiveness. 3) Iran needs to preserve its missile and drone stockpiles if this becomes a prolonged war. Source: Bloomberg, Global Markets Investor
BREAKING: 20,000,000 BITCOIN HAS JUST BEEN OFFICIALLY MINED
ONLY 1,000,000 BITCOIN LEFT TO MINE FOR THE NEXT 114 YEARS 🤯 Source: Vivek
Oil’s wildest day ever?
xcluding the period when the world was in lockdown while Corona, yesterday marked the largest intraday trading range in history for front-month crude WTI. Source: Bloomberg, HolgerZ
Some thoughts on yesterday's evening White House Alert
Despite promises of escalation “20× harder,” the military campaign against Iran has already been intense, with 3,000 targets struck, most air defenses degraded, and dozens of warships sunk. Further escalation would likely target civilian infrastructure. However, this would not reopen the Strait of Hormuz, whose closure stems from insurance withdrawals under Solvency II. Shipping remains constrained until insurers’ risk models normalize, regardless of military outcomes. Source: Shanaka Anslem Perera on X
