Tom Bilyeu

So the markets are gonna be bouncing around a lot.

But when you look at direction of travel in terms of how things are headed in the Middle East, Trump has been saying that we're gonna get the Strait open.

He's been blustering a lot about, you know, we're gonna slap Iran around.

This is gonna be the craziest thing they've ever seen, all of that.

But they're still able to get things in the Strait that are causing a problem.

In fact, there was a third ship, this is a Japan flagged one,

And it sustained minor hull damage.

And while the crew is safe, again, you just don't need there to be a ton of damage to create the problem that we're seeing because insurance carriers don't want to touch this stuff.

Trump has promised to escort people, but he's been unable to do that.

And now different countries are cutting deals directly with Iran to have their ships left alone.

So now you're talking about people being able to

build different alliances, and it is going to get weird showing that Iran is not without cards to play here.

Now, given the fact that the Strait of Hormuz carries roughly 20% of the world's oil and gas supply, it does not require a bunch of people to be dying for this to be massively impactful all around the world.

Since the conflict began, traffic through the Strait has dropped to effectively zero, and the group UKMTO has now logged 17 incidents so far affecting vessels in the Persian Gulf, Strait of Hormuz, and Gulf of Oman since the war began.

So you've got 13 confirmed attacks, four suspicious activity reports, and just enough uncertainty to grind this all down to zero movement effectively.

There's a little, but it's

getting close enough to zero that expect that to be the top headline that's basically moving oil prices.

Now, at least seven seafarers have been killed across these incidents.

Brent crude is up roughly 20% since the war started.

Again, it's bouncing around a lot today.