$120 Oil? The Strategic Impact of the Third Gulf War
The Strait of Hormuz is blocked, and the energy markets are reacting with surgical precision. As we move further into Q2 2026, the intersection of Middle Eastern conflict and South American instability is creating a “perfect storm” for crude oil.
In this deep dive, I explore:
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Why the current blockade is different from previous historical tensions.
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The failure of Venezuelan supply to fill the gap.
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Our technical and fundamental roadmap for Brent reaching $120.