#IranOil $XAU $XAG $TAO
Iran is days away from having to shut down its own oil wells.
With the Strait blocked and storage filling fast, Iran has 10 to 15 days before it has no choice but to start cutting production across its fields.
Before the U.S. closed the strait, Iran was exporting 1.85 million barrels a day, mostly to China, pulling in roughly $150 million daily. That's now gone.
The IMF is already flagging a global slowdown. Developing countries like Iraq are getting hit twice as hard as wealthier nations. And physical oil is still pricing a blockade while paper markets chase every ceasefire rumor.
Iran spent weeks using the strait as leverage against everyone else. Now it's on the receiving end, and the clock is ticking.
#WhatNextForUSIranConflict #USInitialJoblessClaimsBelowForecast #CharlesSchwabtoRollOutSpotCryptoTrading #StrategyBTCPurchase