🇺🇸 Trump is now willing to end the war even if the Strait of Hormuz stays closed.
In just one month, traffic through the strait has collapsed by 95%, from ~140 ships per day to fewer than 5.
That’s roughly half a billion barrels of petroleum products kept off the global market.
Oil is already over $100–$114, diesel is spiking, and analysts are openly talking about $150–$200 oil if this drags on.
The crazy part? Ending the war without reopening the strait would basically make Iran’s blockade permanent, turning the world’s most important energy chokepoint into a tollbooth run by Tehran.
That’s not a win. That’s handing over control of 20% of global oil supply.
The market is still pretending this is temporary. It might not be.
BREAKING: Iran's President Pezeshkian has officially released an "open letter" to the American people.
The letter states:
1. Iran harbors "no enmity" toward other nations, including the people of America, Europe, or neighboring countries
2. Recent US actions are "aggression" targeting civilians and infrastructure, setting up for long-term global instability
3. "What Iran has done, and continues to do, is a measured response grounded in legitimate self-defense"
4. The decision to withdraw from the Iran Nuclear Deal was "made by the US government"
5. "Continuing along the path of confrontation is more costly and futile than ever before"
Pezeshkian concludes by saying, "the choice between confrontation and engagement is both real and consequential. Throughout its millennia of proud history, Iran has outlasted many aggressors."
We now await Trump's address to the US at 9 PM ET.
🇺🇸 US Senator Chris Murphy just issued a stark warning:
“If the Houthis block the Suez Canal on top of Iran closing the Strait of Hormuz, the global economy is going to get a whole lot worse.”
We’re already feeling the pain from Hormuz (20% of world oil). Add the Suez Canal (15% of global trade + 30% of container traffic) getting shut down by the Houthis and you’re looking at a genuine global supply chain nightmare.
One chokepoint was bad. Two could be catastrophic.