While residents of the Baltic states stock up on drinks and food for a successful search for the fern flower, traders on the exchanges are making billions from a dangerous dance, describes fuel market expert Alexey Shvedov.
This dance is performed on the decks of aircraft carriers and tankers in the Strait of Hormuz, as well as in the dust-erased quarters of Gaza and Beirut.
And as long as the "music plays," that is, as capital is forged on ruins and corpses, the dance will continue for as long as the "musicians" need it. Therefore, the Strait of Hormuz will be closed and opened to the rhythm of this "music," regardless of the casualties.
Despite positive news regarding the first round of negotiations, the situation in the Middle East remains explosive. On Saturday, Israeli strikes in Lebanon claimed the lives of at least 20 people. This occurred just a day after a ceasefire with Hezbollah came into effect.
As a result, on Sunday, traffic through the Strait of Hormuz sharply decreased: Iran announced its closure, blaming Israel and the U.S. for violating the terms of the temporary peace. Today, it seems that vessel movement is open again.
Thus, the situation remains extremely uncertain, and today it is completely unclear where gasoline and diesel prices will end up after the Ligo holidays.
