RE: 5.7 million15 Sep 2019 11:23
The tension in the gulf will escalate and it looks like Iran is looking for a military confrontations now as its military force and militias at its peaks to inflict serious damage to the usa and its allies and re establish itself as regional superpower to serve its strategic interests in the region countries it controls directly or by proxy now (Iraq,syria,Lebanon and Yemen).
I think we are heading into more serious confrontations to weaken Iran .
Iranian Mullahs survival depends on oil revenues which have been cut off. They believe that they have nothing to lose. And they will lose everything if it comes to it.
Trump sacked Bolton is now appeared another strategy mistake .
Oil price will be strengthening in any case scenario even with enough world supply at present.
It looks like a short squeeze for oil price tomorrow with a spike up in OP.
The market mostly responds to rumours, fears and speculations .we have them all now to push oil price up..up..and up.
GLA