Jul. 23 at 11:33 AM
I don’t think most people understand the historical significance of the ongoing military action by the US and Iran. The SOH is now completely blocked from maritime traffic, excepting as Iran sees fit. They have additionally mined our previous southern route, and they are doing an excellent job of bringing the GCC to its knees. With the Red Sea in play and the Houthis declaring any Saudi traffic persona non grata, while also blocking their ports? This will wreak havoc amongst the markets. Shipping costs will absolutely soar, and this will invariably be passed down to the consumer.
These are several maritime cargo co’s to watch closely:
$HMR $RBNE $USEA
Again, highly recommend hedging with an oiler and refiner, as well:
$BATL $SKYQ
NFA as always. DD and GLTY.
