CONTROLLED: Trump's Kharg Island Strike Ends Iran's Oil Terror Premium
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Rugpull is coming. Jones Act suspension allows refined fuels to be flooded into East Coast/West Coast supply chains along with suspension of EPA fuel mix rules. Should take at least ~2-4 weeks for prices to drop back down. Oil price will crash $20-30 again tomorrow with Strait "open" narrative being pushed. Nearly 700M barrels of oil already released last week and another 2B barrel reserves being prepped to break London.
Russians have been stockpiling oil for 4 years. Saudi, Kuwait, UAE, etc. for at least 2. They are now releasing it. Total is estimated at 25% of yearly OPEC production. Note they are selling it at the manipulated HIGH contract price for immediate delivery.
Good detail. I guess this is where I was going with my response. The factors impacting the price jump are legitimate due to the fear and consumer reaction to the war. Having said that, the underlying supply and demand hasn’t really changed yet, so prices should start to come down in the near future if nothing major changes.
Mostly MI-6 propaganda operations. What you are seeing is how incredibly effective and BIG their false narrative worldwide operations truly are. Consider how many people (and funds) it takes to run an operation of this size and complexity, all of them actively engaged in treason.