Price Discovery
Two key things the market is not really talking about.
In this report: We break down the Strait of Hormuz disruption, OPEC+’s output decision, China’s strategic positioning, Iranian succession risk, and what the latest COT data signals for oil price direction in the most sensitive regime since 1979.
Key Stats. WTI +1.48% (+$0.98) for the week. Open $65.89 High $67.83 Low $63.60 Close $67.29
Articles
The Oil Report- Iranian next leadership-Succession
Trump and Netanyahu want regime change, but Iran’s regime was built for survival. A long war is now likely
OPEC+ to boost oil production 206,000 bpd as Iran conflict threatens supply
Hypersonic missiles. The CM 302 anti ship missile.
BP Goes Big on Shale Oil Drilling
Trading houses suspend oil shipments through Strait of Hormuz
Kplr US-Iran conflict begins: The impact on global energy markets
MUST READ: Mar-a-Lago Accord’ explained: A new era for the dollar?
News flow this week thanks to the boys in Newsquawk.com This series of post from throughout last week may show you the value that we as multi timeframe traders get from such a service. There is no point finding out why the market moved after it moved.
And then!
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A large part of this war situation was priced in. Just look at China stores since mid 2022. They were ready-something I have discussed here in several reports over the last 7 months- read ‘Pump Now, Pay Later’. It is 100% my view that the real game is 3 fold from US/Israel.
China-Russia squeeze: Control Venezuelan and Iranian oil in order to curtail Chinas crude buying spree massively. This also helps with Dollar hegemony throughout the implementation of the Maralago accords plan. In short, how to have a controlled devaluing of DXY rather than a wholesale drop. Squeezing the market on China has a built in trigger to also put more pressure on Putin to come to the negotiating table.
