Hormuz On The Brink: Oil Markets Are About To Have The Worst Monday Since COVID

Let's set the scene: the Strait of Hormuz — through which roughly 20% of the world's oil supply flows — is being threatened with closure by Iran's Revolutionary Guards, Saudi Aramco's CEO just bailed on a major international energy conference, and Treasury Secretary Bessent is out here saying the US has 'plenty' of funds for a war. Cool, cool, totally normal Monday morning vibes.

Bloomberg podcast coverage captures the market whiplash perfectly — $XOM's CEO went on record saying even if the Strait reopens tomorrow, expect one to two months for oil flows to normalize. Meanwhile traders are apparently pricing in a peace deal that Trump himself said he's 'not satisfied' with. The gap between market optimism and geopolitical reality is giving us serious 2008 flashback energy. The dollar is surging on safe-haven demand, Asian shares are sliding, and UK PM Starmer called an emergency economic meeting. Meanwhile Reddit's trading communities are caught between 'buy the dip on energy' and 'this is the one that actually breaks things.'

Throw in fresh 25% EU auto tariffs hitting $STLA hardest, a $RBLX forecast cut despite 43% bookings growth, and Spirit Airlines circling the drain — and this market has more moving parts than an F1 pit stop, except nobody's winning the race.