Whalechart

Someone bet $950 million that oil would fall, just hours before Trump revealed the Iran ceasefire.
It's all corrupt.

Norwegian oil companies are pulling in huge profits right now, with physical oil prices hovering around $130–150 per barrel.
You’re likely better off buying oil stocks rather than oil futures.

The Iran war could go down as the biggest U.S. failure since the Vietnam War.

President Obama gave Iran:
$400 million in principal that Iran had paid before the Iranian revolution.
+ $1.3 billion in interest and related settlement amounts.
President Trump is giving:
$60–100 billion annually in toll revenues from the Strait of Hormuz, which has never before had any toll.

Retailers sold their oil stocks today, and went all-in on tech stocks.
Banks and institutions did the opposite.

Oil executives are urging the Trump administration to block any agreement that would let Iran charge tolls for ships passing through the Strait of Hormuz, according to Politico.
"We didn't have to do that before…I thought we won the war."

The Strait of Hormuz has been open and free to use my entire life.
Until Trump interfered, letting Iran charge $2 million in Chinese Yuan per vessel to pass through.

This temporary pump will just make the dump even worse.
Praise to Allah Trump

The stock market boost won’t last long.
Prepare for a bearish year.

The ceasefire doesn’t change much for Iran when Strait of Hormuz still remains effectively closed.
As long as flows are restricted, the pressure on the global economy continues.
If anything, they’re still “attacking,” while the U.S. isn’t fighting back.

Only four ships have passed through the Strait of Hormuz since the ceasefire, the lowest level recorded so far in April.

Physical crude oil rose to $157 today, up from $150 yesterday.
The manipulation in the futures market is absolutely wild.
This no longer looks like a free market.

Missiles are still flying, and oil is down 9.5%.
The manipulation is real.

JUST IN:
The White House said Trump looked at Iran’s 10-point plan and threw it in the garbage.

JUST IN:
Israel’s Prime Minister Benjamin Netanyahu says they are ready to resume fighting Iran at any moment.

JUST IN:
Iranian state media claims the ceasefire has just been violated, reporting strikes on Tehran.

JUST IN:
Iran Hits Three Power and Desalination Facilities in Kuwait

JUST IN:
Iranian media: Iran threatens to withdraw from the ceasefire