sport football: THIS Is the Real Oil Catalyst

Kamis, 20 Maret 2025

THIS Is the Real Oil Catalyst

Keith Kohl/ Mar 20, 2025

THIS Is the Real Oil Catalyst

The markets get a reprieve, and oil continues to strengthen.

But before you breathe a sigh of relief for the two-week support at which oil markets are finding in the high-$60/bbl range, know that prices may just be heating up.

The power of Trump’s enemies is growing. His goal at home is to try and destroy crude prices, forever seeking to break the mythical $50 oil threshold and boast of cheap domestic energy; tariffs have been unleashed.

The eye of President Trump now turns westward across the ocean to the Middle East, one the last geopolitical kingdoms capable of driving oil prices higher.

But he’s going to have one helluva time reigning in this volatility, but not for reasons you think… because President Trump’s gaze is focused on the wrong oil catalyst.

trump sauron

Oil’s Power Shift

It’s been a spell since the Houthis have made it into the spotlight.

Given the lightning pace with which the news cycles go today, not many remember the tale of the Sonuion.

Last summer, the Houthi rebels attacked the Greek-flagged tanker in the Red Sea. In the hold of the Sounion was more than a million barrels of crude oil that threatened to become a catastrophic oil spill after a fire ensued during the attack. Fortunately, luck was on our side and a major spill was averted.

>>> Read the full article here.

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