Re: Iran ratchets up the rhetoric. Will it mod....

My 2 cents

There is a war going on in the oil bussiness and we could see that the price of oil dropped even in the negative numbers.
Incredible!

Saudia Arabia together with Russia are in a kind of contest for the leftover scraps of global oil sales.
Russia didn't want to lower production and SA acted like the spoiled little brat by churning out even more oil to punish Russia (and America shale-oil bussiness).

America needs $40 or more a barrel to break even.

Diplomacy failed. They tried to talk some reason in MBS, this was all they could do because Russia isn't even listening to America and it is payback for the ME terrorism the US is still doing there.

Now obviously, something needed to be done by Trump so diplomacy failed, why not trigger Iran and hope they close the Strait of Hormuz, blocking all oil going through there so that oil will rise and Trump saved the shale-oil fraud.

If Iran is smart, they keep the Strait of Hormuz open because then Trump and the shale-oil is finished and only starting outright wars in the ME will then solve this mess.

Interesting times up ahead but Trump is very very predictable in his actions and maybe some Russian advisors to Iran will show Iran that it should keep the Strait of Hormuz open no matter what because that would finish the shale-oil fraud once and for all.

Let's see what happens but it is getting more obvious what is going on on a global scale and if Trump can't get it done then America is finished because the oil-backed dollar is no more.