The Wall Street Journal describes the situation in Iran and Venezuela as “changing,” and tensions are escalating in Iran. The crude oil market hitting $90 at the end of June has stabilized
Market performance
The WSJ report contrasts US-led operations in Venezuela and Iran. Venezuela is seeing more and more instability with a transitional government, while Iran is experiencing increased violence following the assassination of its Supreme Leader. The low fuel market prices of around $90 are rising, although the closure of the Strait of Hormuz would directly affect the availability of oil in the world. The current trading price is $0, and $6,636 is needed to move the price by five points.
The The leadership of Iran the market, to follow if Iran does not have a head of state by the end of 2026, is also
Why is it important?
The crude oil market has an expected 25% drop due to the potential disruption from the closure of Hormuz. But a trading volume of $0 shows that no one is investing. The difference between the perceived risk and the actual market situation is huge: traders are not paying attention to the long-term disruption of Hormuz as much as they can bet on.
For you to see
Buying YES at 0¢ offers a great emotional return, but it requires believing in long-term conflicts that close the world’s oil channels. EIA updates, OPEC+ announcements, and statements by Saudi Arabia’s Energy Minister or Russia’s Deputy Prime Minister can quickly change prices. A reading of 0% means that any sustained development in the closure of Hormuz would result in a larger price movement compared to the amount posted.
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