Oil isn’t pumping because of supply and demand.
It’s pumping because geopolitics just got repriced.
• Strait of Hormuz tension
• Energy risk exploding
• Inflation fears returning
• Markets pricing a possible new commodity supercycle
This is starting to look less like a normal oil rally…
…and more like a 1973-style macro shock in real time.
If escalation continues: oil goes much higher.
If demand breaks: the shock creates its own ceiling.
Either way, something bigger is happening:
Energy. Inflation. Rates. Global risk.
All reconnecting.
The market isn’t asking: “How high can oil go?”
It’s asking:
What is geopolitical risk worth?
New energy regime or temporary panic?
What do you think? 👇