🚨 OIL is going parabolic, now trading around $99.

The longer the Strait of Hormuz stays closed, the higher prices go.
Bloomberg estimates:
• ~2 months closed → ~$140 oil
• ~3 months closed → ~$160 oil
Every +$10 in oil = ~-0.2% growth & +0.4% inflation.
The higher oil goes, the more pressure on the global economy.
Historically, extended periods above $100 have often coincided with recessions.
For a bullish backdrop in crypto & stocks, reopening the Strait of Hormuz is key.
The next few weeks will be crucial.