BREAKING: STRAIT OF HORMUZ IS CLOSED AGAIN!?!
In a Nutshell
Iran closed the Strait of Hormuz again after accusing the US and Israel of ceasefire violations, particularly Israeli attacks in Lebanon. Markets rallied on Thursday expecting a peace deal, but renewed conflict now threatens oil supply and could trigger sharp moves in oil prices, airline stocks, and broader indices. The speaker is considering a small long oil position as a hedge while warning that higher oil could pressure airlines and that markets may react more sensitively now that Trump’s alleged manipulation of sentiment is exposed.
These notes were generated by AI and may contain inaccuracies.
Very unfortunate news regarding developments in the Middle East. The date is June 20th at 10:15 a.m. in Arizona. Iran's top joint military command officially released a statement about closing the Strait of Hormuz. There was speculation about this the previous day, but the news was not shared then due to an apparent disconnect between the IRGC and the actual Iranian government. The statement confirms the Strait of Hormuz is now closed again.
The full statement cites the blatant breach and violation by the United States of the first clause in the ceasefire agreement. It also references continuous and relentless violations of the ceasefire by the Zionist regime in southern Lebanon, including attacks on Lebanon, merciless killing and displacement of hundreds of thousands of oppressed people, and the failure of Zionist occupied forces to withdraw from southern Lebanon. As a result, the Strait of Hormuz is declared closed to vessel traffic.
US intelligence agencies warned the Trump administration that Israel's Prime Minister Netanyahu is likely to take steps that will undermine President Trump's effort to reach a lasting peace deal with Iran. This pattern has been observed repeatedly. The speaker expresses hope this is not true, as it would mean an ally is intentionally disrupting a peace deal important to Americans under an "America first" approach.
Trump and JD Vance have been more vocal about this issue in recent days. The speaker notes the sensitivity of the topic but emphasizes the direct implications for the stock market.
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