Ten days into a conflict that has effectively shuttered the world's most critical energy chokepoint, Brent crude hovers around $97-98 per barrel. The number is striking but what it does not reveal is more telling. Oil is not settled above $100, despite the Strait of Hormuz being, to all practical purposes, closed.
This is a companion discussion topic for the original entry at https://ageoftransformation.org/hormuz-war-and-what-lies-beneath-interpreting-the-commercial-logic-behind-usas-iran-gambit