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Notes -
20% of the prewar traffic transited yesterday.
https://hormuzstraitmonitor.com/
Related to this Diesel fuel prices continue to rise.
https://www.eia.gov/petroleum/gasdiesel/
Words are wind, oil shipments and Diesel fuel prices matter.
I closely follow the shipping and commodities markets and its clear that most of the flow has been replaced. Traffic directly through the strait is about half the pre-war level. Other flows have been replaced with pipelines, particularly a Saudi Arabian pipeline to the Red Sea.
If 20% of worldwide oil flows went offline, we truly would have $250/barrel oil.
Fortunately, that never happened and that's why we $85/barrel oil.
Diesel is a separate issue, and is troubling, but is an example of moving the goalposts. Everyone who says that Iran "closed the strait" was wrong about oil prices. They never closed the strait.
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Get this ai slop shit off my timeline. Fuck these grifters they deserve death.
The slop trackers don't show anywhere close to the numbers given by reputable ais trackers, and osint that looks at satellite footage shows even more traffic.
Great send a link with a bettet tracker and Ill use that. Until then, have another round of slop.
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Chill out.
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The ships are taking on larger cargos so they can transit more effectively; the piece I started with already suggests that this represents ~50% of pre-war oil.
The disruption in fact is much smaller than what everyone predicted at the start of the war. Iran was supposed to have thrown the world into such chaos by now that America would surrender in disgrace.
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