Hormuz transit guidance shifts oil prices lower as rate hike expectations rise
According to the Financial Times, a letter circulated among the International Maritime Organisation stated “non-hostile vessels” can transit to the Strait of Hormuz “in co-ordination with Iranian authorities”.
As a result, Brent Crude’s oil price has dropped 1.23 per cent in the last few days.
The Reserve Bank of Australia’s rate hike odds have moved from 50 per cent to 60 per cent.
25 Comments
Sharri Markson and her mates are the reason we are in crisis.
No doubt the US will start stealing these tankers. America and Israel are determined to destroy the world.
Oil prices dropped, fuel prices have gone through the roof.
I'm so glad **TRUMP HAS CAUSED ECONOMIC CHAOS ACROSS THE WORLD BECAUSE I'M A MAGA MORON*** And that how I roll…
At this point we should be expecting a stimulus package instead of higher interest rates because this type of inflation is not caused by a booming economy and more interest rate rises could drive us closer to a recession.
It would be the irrelevant hard-liners that are rejecting a deal not the Iranians negotiating with Trump.
More examples of successful ALP government😂
Where do you find these economic experts talking about rate rises, hope they're not homeless people sleeping outside Sky studio acting as experts on camera 🤔
Lok I can let you in on a little fly in the ointment.
a) The Strait of Hormuz is not open. and
b) The Bab el-Mandeb Strait is now in very real danger of being closed. [Reports in semi-official Iranian media claim Tehran's Houthi allies are preparing to take control of the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden and the Indian Ocean.]
Where are our Aircraft Carriers? ahhh getting fixed! But we have some baby ones on the way.
US fighting Israel's war
US aircraft carriers suffer from the Yamato effect.
Too valuable and vulnerable to be sent near the war zone
And no one is talking about the Epstein files anymore… mission accomplished
I think it is wrong to raise interest rates when the problem is off-shore. But politicians and the RBA couldn't care less, because they get paid so much it doesn't matter to them. Just the everyday Aussies keep copping it in the neck. We need a government that puts the people first, not last.
THE PETRO DOLLAR IS DEAD. THIS=DEATH OF CENTRAL BANKS. BYE BYE TO SATANS ROTHSCHILD SYSTEM, HELLO GOLD BACKED CURRENCY. TIME TO KICK OUT THE JEWS AND JOIN BRICS.
It’s all short term market manipulation – once the boots hit the ground the oil price will explode.
Wait until the first naval ship goes bow first. Iranian military spokesman just stated, "The US are negotiating with themselves". Trumpet is all hot air and bluster and doesn't know his right hand from his left foot.
The Illusion Of
Politics. One party war criminal Zionist system.
Fascism the fusion of remote controlled government and the technocratic globalist corporate state. Remote controlled Government is organising crime. Living in a parallel universe/reality.
They're all in the Zionist genocidal lobby payroll.
Two weeks to flatten the earth.
We will never forget that it is Clown 🤡 trump who is responsible for the high cost of fuel
Tasmania Diesel 320+
Actual supply problems look like they happen end of April. That’s when we run low on tankers arriving.
So considering they jacked up the price before any shortages just because an oil nation is at war, and boats are going in and out, price per barrel has dropped why have they not come down at the pump? Stop scamming people FFS! In Fiji they are paying $1.53/L for petrol, AUD when converted and cheaper for diesel. Seems like someone doesn't like diesel and wants to get rid of it!
What. Theres no ceasefire.
Some people in the know made a lot …”6:49am: sudden spike in oil futures trading. no news. no announcement. nothing public.
7:05am: trump announces a pause on iran strikes. markets move.
someone knew. 16 minutes early. $580 million in contracts. the corruption is staggering.”
Kick the Islamic menace out of Iran. Free the Persians.
Yeah cause Iran is charging 2m per ship to cross