MIDDLE EAST TENSIONS SPIKE — OIL SHOCK LOOMS
🔸Trump says the Iran war is “near completion,” but warns of major US strikes within 2–3 weeks if no deal is reached, including possible attacks on power infrastructure.
🔸He calls on oil-dependent nations to lead efforts to reopen the Strait of Hormuz, claiming US leverage despite Iran’s control.
🔸The near-blockade has cut ~11 million barrels/day, with Iran effectively controlling passage via a “toll” system.
🔸Oil surged (Brent near $108), while European gas prices jumped up to 7%.
🔸Bahrain is pushing a UN resolution to authorize a naval mission to restore shipping access.
🔸Iran and Israel exchanged overnight strikes; UAE reports missile interceptions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
