Neal Freiman

make a road trip, save the money on airfare and spend it on World Cup tickets, you have a pretty good year to stay within the good old US of A. That's contingent on these airports having jet fuel because Heathrow, if you're trying to come from England to watch the boys bring it home, Heathrow, if it

if things continue the way they are with the war in Iran, they're going to run out of kerosene at Heathrow.

They import about 50 percent of their jet fuel from the Gulf.

And you hear about airports across Europe saying we're actually well supplied right now.

But as we get into the summer months, May, June and July, our stocks of kerosene could be depleted because we're just not getting any from the Middle East and we can't really buy any on the open market because prices are sky high.

So we'll see what happens.

I think the actual physical jet fuel at airports will be something to watch should this continue.

Moving on, it's been about a month since Iran has effectively sealed off the Strait of Hormuz, one of the world's most critical energy checkpoints.

Now it wants to make money off of it.

Iran's IRGC, the Islamic Revolutionary Guard, has imposed a de facto tollbooth regime in the Strait of Hormuz, said maritime research firm Lloyd's List Intelligence, noting that at least in one case, a ship made a reported $2 million payment to secure safe passage.

If you look at a chart of ships transiting the Strait of Hormuz,

You're going to see a massive drop off when the war began to basically zero.

But in the past week, the number has been ticking up ever so slightly.

And that's because Iran has been allowing ships from countries it considers friendly ish to cross the waterway through a safe shipping corridor as long as they pay a fee.

So who is getting an easy pass?

Not the U.S.

or its Western allies, of course, mostly, according to CNBC.

The transits have involved Iranian, Greek, or Chinese-linked ships, but Pakistan and India have also secured safe passage, and more are getting on the phone with Tehran to bring desperately needed fuel to their shores, including Iraq, Malaysia, and Thailand.

And don't think you're paying in USD.

For this bribe, Iran is reportedly taking Chinese yuan or stablecoins, cryptocurrencies pegged to a hard currency.