Geopolitics
Oil Markets Defy War Logic as Prices Remain Flat Despite Iran Conflict
Tom Bilyeu Impact Theory
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"Back in March, the mere threat of a closed Hormuz sent Brent to $119. Top analysts were forecasting, yo, this is going to $200 a barrel. But now what's happening? C-Spar is dead as disco, baby. The US has bombed the life out of Iran for the better part of a week now. Tankers are being attacked in the Strait of Hormuz. Iran is claiming that the strait is closed, but oil has only jumped by 4.4% and then pretty much instantly gave it back within 24 hours."
Despite intense U.S. bombing of Iran and attacks on tankers in the Strait of Hormuz, oil prices have remained surprisingly stable around $72, defying analyst predictions of $200 per barrel. Hedge fund manager Ken Griffin attributes this to unexpected demand elasticity from China, while economist Jeff Snider warns the flat oil curve signals potential demand destruction from a weakening global economy rather than supply normalization.
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Tom Bilyeu Impact Theory