Hormuz Is Closed, Oil Is Chaos, and Your Monday Is Already Ruined
US-Iran tensions are spiraling fast, and social sentiment is somewhere between panic and 'we told you so'
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The Strait of Hormuz — that narrow little chokepoint that roughly 20% of global oil supply squeezes through daily — is back at the center of the universe. Iran's Revolutionary Guards threatened full closure if Trump follows through on energy facility strikes, Saudi Aramco's CEO just pulled out of a major energy conference, and Bloomberg's Ian Bremmer is on the record calling the US-Iran war a failure on virtually every original objective. Cool, cool, totally fine.
Social sentiment is a full five-alarm fire. YouTube's Bloomberg Podcasts crew laid it out bluntly: the current 60-day ceasefire MOU is "already off to a bumpy start," sanctions relief is a 20-month process minimum, and global banks still won't touch Iranian business even if sanctions vanish tomorrow. Meanwhile, $USO traders are white-knuckling it, oil is whipsawing on war risk versus sanctions-lift optimism, and the dollar is catching haven bids as Asia shares slide.
Jeremiah Babe's viral YouTube take — "Things Will Never Be Normal Again" — is getting more retweets than it deserves, but honestly? He's not entirely wrong this week.