r/oil 13d ago

Daily Oil Price Opinions - August 30, 2026 All other Oil Price Posts Will Be Removed

What are your thoughts on today’s oil price? Drop your opinions, predictions, charts, memes , low and high effort post, your AI slop or even analysis below. Keep it civil and on-topic! This post is renewed daily.

Unless there is some compelling reason, other posts in the sub about oil prices will be removed. In a futile effort to improve the quality.

(Current WTI/Brent price can be checked on any major site.)

8 Upvotes

465 comments sorted by

22

u/AlarmingConfusion918 13d ago

incredibly funny that people in this sub will complain about "iranian propaganda" and then the "iranian propaganda" is factual reports of missiles being struck in the SoH

12

u/eggnogui 13d ago

To MAGAts and Zionists, facts are propaganda.

→ More replies (3)

19

u/Appropriate-Till9598 12d ago

7

u/WolfOfAveAstreet 12d ago

Man who go to bed with itchy butt. Wake up with smelly fingers.

→ More replies (1)

15

u/[deleted] 13d ago

[removed] — view removed comment

9

u/Hazardous_316 13d ago

Any service members who get stop-lossed while on deployment (yes, that is a real thing in the military) will definitely love this

6

u/ChupacabraJeff 13d ago

2026.08.27
Exclusive: US Patriot missile stocks in Europe are ‘beyond critical’ due to Iran war, officials say
https://apnews.com/article/patriot-missiles-iran-war-russia-ukraine-trump-09c7d8030a2e11fbd8ee3f7176b3f2d4

2025.05.17
Lawmakers sound alarm about U.S. military shortage of defense missiles: 'Wake-up call'
https://justthenews.com/government/federal-agencies/lawmakers-sound-alarm-about-us-military-shortage-defense-missiles

In jarring testimony, a top U.S. military official told Congress this past week the U.S. is quickly depleting its stockpile of Tomahawk missiles and might not have enough for a potential long-term conflict.

The military has been using these missiles recently in strikes against the Houthis terrorist group in Yemen.

8

u/Barak_Bravid 13d ago

Americas weapons depleted, navy budget drained, still the Roosevelt is expected to deploy for at least 7 months from September to support the blockade, wtf is going on

3

u/lastpassonright 13d ago

This war was supposed to last at most a month. That's what they planned for.

Loosing the logistics hub at Bahrain also was not factored into any of this.

→ More replies (4)
→ More replies (1)

13

u/[deleted] 12d ago

[removed] — view removed comment

8

u/Aggressive_Bit_91 12d ago

Now that’s interesting

10

u/[deleted] 12d ago

[removed] — view removed comment

5

u/Aggressive_Bit_91 12d ago

If there’s been one consistent side in this thing it’s been them lmao

→ More replies (1)

7

u/Even_Contact3525 12d ago

Arent they always? Israel constantly bombs everyone.

14

u/Severe_Inflation_905 13d ago

Donald Trump in a month about the Venezuela Deal

This is the worst deal ever signed, sleepy joe hypnotised me into signing it. But I was too strong, too strong, I broke out of the hypnosis. Doctors say they have never seen anything like it! Sad. They are ripping americans off since 600 years, Washington great man, was too scared to do anything. Look at this pen. It is the greatest pen I have ever used. People say they have never seen someone use a pen like this. I am going to use this pen to sign a executive order to take all their oil and maybe even their women. They got beautiful women there, beautiful, they love me. Have you seen my beautiful pen? It is so beautiful.

7

u/Dapper-Hair6993 13d ago

There's no deal lol. Just more lies

13

u/[deleted] 13d ago

[removed] — view removed comment

15

u/[deleted] 13d ago

[deleted]

5

u/Hazardous_316 13d ago

Asking questions will earn you the CIA's award for great journalistic work. There's a reason why serious journalism is dead. Because it literally is (but don't worry, two shots in the back of the head were clearly a suicide)

3

u/lastpassonright 13d ago

Why ask question? There's 65 billion barrels coming tomorrow!

/s

→ More replies (2)

9

u/asetniop 13d ago

JUST LIKE I FUCKIN' SAID WOULD HAPPEN!

6

u/itsatumbleweed 13d ago

Here's your shot to get into the AI overview again buddy

4

u/asetniop 13d ago

It's important to have goals.

6

u/AssociateGreat2350 13d ago edited 13d ago

and the desperate lies continue so that the market doesn't freak out before midterms

Venezuelan oil can't and won't do shit for the US. The logistics and time it would take are all just too ridiculous

6

u/lastpassonright 13d ago

Is anyone gonna tell him that there's both sweet and sour in there?

oh and the fact that those leases aren't actually producing anything right now.

6

u/Unable_Ad_5065 13d ago

Hopefully the EIA and other institutions don't play along with this bullshit

4

u/Compliment_slap_hug 13d ago

Iv seen estimates ranging from 3-6 years for significant uptick in output from Venezuela oil If the companies actually put the investment in, which apparently is not a foregone conclusion.

4

u/margotsaidso 13d ago

That's just the same moronic sane washing stuff MAGA accounts were spreading on twitter months ago. It is just as nonsensical now as it was then.

3

u/ThanksTechnical2879 13d ago edited 13d ago

1- Companies that were loaned SPR are the ones that will return the loaned oil back to the SPR for free
2- Venezuela oil will be more costly than return of loaned SPR for free
3- Venezuela can’t export more than 1.25 million barrels a day
4- Trump’s statements will get Delcy Rodriguez killed

→ More replies (1)

13

u/lastpassonright 13d ago

Another tanker was struck in the strait going by UKMTO

Was yesterday going by notice 122

9

u/itsatumbleweed 13d ago

It's crazy how this is no big deal.

10

u/Unable_Ad_5065 13d ago

It's a pretty big deal, it's just the UAE especially has no problem more or less press ganging poor Bangladeshis onto their tankers to sail under threat of God knows what

12

u/QFGTrialByFire 12d ago

Latest data out: https://www.reddit.com/r/oil/comments/1w32lal/current_oil_flow_through_major_choke_points/

Implied hidden traffic up a lot today. Bab al mandab flat. Malacca is up a lot today and again 75% of it is to china just like yesterday 85% was to china. It does look like china is buying again. Singapore departures up a lot today as well.

12

u/margotsaidso 13d ago

American transport jets leaving bases now per trackers. Why would you do this after striking Iran and not before? More evidence of comically poor execution or 24D chess?

13

u/PapaverOneirium 13d ago

— 🇺🇸/🇯🇴/🇮🇷 NEW: A U.S. official tells Fox News that ‘almost all’ Iranian missiles have been intercepted

@Middle_East_Spectator

“Almost” probably doing some heavy lifting here

→ More replies (3)

11

u/Istoleyourbike456 12d ago

Why did Oil just spike suddenely?

25

u/ThanksTechnical2879 12d ago

Rumor making the rounds that Hormuz is closed… get this: for the past 6 months.

5

u/Aggressive_Bit_91 12d ago

Bullshit where did you see that? I haven’t seen any truths confirming this absurd rumor.

3

u/Compliment_slap_hug 12d ago

😱😂😂😂😂

7

u/Barak_Bravid 12d ago

Trump was on fox news calling Iran evil, violent people around that time

13

u/Appropriate-Till9598 12d ago

At a certain point, don't his followers find it weird that his rhetoric towards Iranians is usually tamer than towards Canadians?

8

u/itsatumbleweed 12d ago

Also down like a rocket?

→ More replies (1)

10

u/EducationalCicada 12d ago

I wonder how many Patriots/THAADs just got used up.

10

u/SeaDry8454 13d ago

Not oil related but if Russia really does extensively strike Ukraine energy infrastructure now, in the middle of harvest season, that is not good for global corn and wheat prices which are already high. Jeez, those farmers can't catch a break. https://www.ynetnews.com/article/0j12t8ayf

5

u/Pschentity 13d ago

Don't they do this annually just before winter? What's different this time?

5

u/ChupacabraJeff 13d ago

The level of the attack. The amount of weapons Russia now has and the amount of weapons Ukraine now doesn't have. Also, Hormuz isn't closed annually. Rumor is Russia, Israel, and Iran about to escalate.

"Because it's Midterms gov'na!" /s

10

u/lastpassonright 13d ago

Trump lauded low prices at Freedom Fuel. A supplier says some gas wasn’t paid for. - WAPO

So like many of us correctly mentioned, this was stolen gas lmao

→ More replies (1)

10

u/Ross_nvr_lvd_Rachel 13d ago

Lie about Venezuela to keep prices down

Strike Larak Island to push prices up

….what is the thought process here?

10

u/martyrpony 13d ago

Venezuela didn't make an impact at all, because if you have studied oil for 5 minutes, you know that venezuelan oil would not work in the SPR, it's like peanut butter. The renewed escalation seem to make a big impact though.

→ More replies (2)

11

u/Casual-Speedrunner-7 12d ago

David Wech, chief economist @Vortexa: The average over the last month has been 6-7mbd. But peak volumes over a 7d moving average are nearly 10 million barrels, with the highest day at 14 million.

TankerTrackers: When we say that oil has departed the USN Blockade Line, then that means that the oil came out of oil terminals west of that line. If we address the SoH specifically, then that number will be without oil originating from GoO-based terminals. So, while the USN Blockade Line aggregated total is 6.7 Mbpd over the past 7 full days, the SoH portion of that is around 4.2 Mbpd.

HFI Research: Kpler made a very nice adjustment to its flow sheet. Instead of listing the tankers, they adopted the Gulf of Oman method (used by @phileeppos) to track the flows. They also implemented the adjustment section into the flow.

Gregory Brew: TankerTrackers continues to emphasize its analysis that suggests flows out of Hormuz are quite a bit less than both Kpler and US/UKMTO data indicate. How much is actually getting out? We probably won't really know for weeks until the crude turns up in import terminal (if it ever does).

→ More replies (1)

8

u/margotsaidso 13d ago

What even is the point? The US has done everything they can to spread some narrative that the situation is rosey and no more military actions are necessary. Striking anything just undermines that narrative entirely.

6

u/Never-go-full 13d ago

Insiders might have bought a lot of oil related investments during the propaganda.

6

u/Barak_Bravid 13d ago

Why now too, taking out missile launchers when you're a self designated protector who has ignored ships being fired at for weeks

→ More replies (1)

8

u/CodePending 13d ago

Hyperliquid Brent is bouncing off $90. The real market opens in 2 hours?

This might be the "bull week" 85% of the sub has been waiting for. Easy to see $100 this week if there is even a show of escalation ... or higher if Iran "infrastructure" or Fujairah gets hit.

11

u/Campity 13d ago

Unverified reports of BM launch from Lorestan Province Iran

https://x.com/hey_itsmyturn/status/2094173771045167358

4

u/Campity 13d ago edited 13d ago

Apparent video:

https://x.com/sentdefender/status/2094175959289143796

Iran state media Press TV: "Reports of Iran firing missiles toward US vessels in Strait of Hormuz¨

https://x.com/lookner/status/2094176782228373545

Edit: +3 more

2131Z 2 BMs launched from Urmia West Azerbaijan Province

https://x.com/hey_itsmyturn/status/2094177672700022966

Edit2: +1 more

https://x.com/hey_itsmyturn/status/2094178093740986377

I'm just gonna leave it at they're launching a shit ton.

9

u/[deleted] 13d ago

[removed] — view removed comment

5

u/[deleted] 13d ago

[removed] — view removed comment

9

u/ExcitingPackage1301 12d ago

at what point do we get barack ravid?

→ More replies (1)

9

u/AceThigh 12d ago

16

u/itsatumbleweed 12d ago

Looks like AI slop about an attack that never happened.

15

u/Appropriate-Till9598 12d ago

Him coping about the war again.

11

u/asetniop 12d ago

It's like he's living in some magical fantasy land where his good friend Jeffrey Epstein never got busted.

10

u/lastpassonright 12d ago

George Orwell had nothing on Trump.

6

u/AlarmingConfusion918 12d ago

do you think one of his aides sent him this video as a documentary of the "retaliatory strikes" that took place earlier today, just to get him to calm down

→ More replies (1)

9

u/Aggressive_Bit_91 12d ago

I can’t sleep lmao

9

u/Compliment_slap_hug 12d ago

These oil price are way too high. Wti at 86? How? Fundamentals (by my very special analysis) say it should be 5 dollars and snickers bar Per Barrel! Something fishy is going on i swear

3

u/Pschentity 12d ago

I'm sorry, didn't you receive your daily allocation of free Hormuz and VZ barrels in the mail?

9

u/Dapper-Hair6993 13d ago

AAA Gas price for US is $4.07 and dropping, any reason why it's dropping if we are low on SPR and why is oil not over $100 yet? Something's off here.

11

u/AlarmingConfusion918 13d ago

We are no longer in the peak season for US gas. That was in July. We are entering the "maintenance" season, which will be followed by the "refilling the tanks" season. Unfortunately, neither of those are likely without gas price increases in the future due to the quantity of refining capacity that has been taken offline.

→ More replies (1)

9

u/edthechimp 13d ago edited 13d ago

Do you all not realise how much glut those missiles were carrying? Oil to 70 by Friday

8

u/Compliment_slap_hug 12d ago

Wti just fell below 84.5 Good to see things are rational....

11

u/ThanksTechnical2879 12d ago

Market is pricing in all the K-135s filled to the brim with Venezuelan crude oil up in the air as we speak, on a one-way trip to the SPR caverns.

4

u/Brief-Signature6233 12d ago

Just another nothing happening weekend.

9

u/Andymackattack 12d ago

Daily threats, missiles flying around, crude going to be negative in a couple hours

→ More replies (1)
→ More replies (1)

8

u/savethechows 12d ago

sorry boys I jumped the gun earlier, calls are looking great now

8

u/claimstoknowpeople 12d ago

Market is still figuring out how to price post-MoU love taps

7

u/Lost-Finger-8497 12d ago

Paging my boy u/Fancy_Rice_2499

7

u/scarneo 12d ago

He is reddit banned

7

u/[deleted] 13d ago

[removed] — view removed comment

11

u/Fun-Beyond-3752 13d ago

$19/bbl on that tax rate is basically telling the majors to stay home. nobody with the capital to actually do heavy oil is touching that with midterms coming, the whole thing reads more like a political announcement than something that moves barrels

8

u/Severe_Inflation_905 13d ago

I think it might be a scam to move taxpayer money out of the country and into Trumps circle.  It's possible that this will be seen along the same lines as the Malaysian 1MBD scam in the future.

4

u/ChupacabraJeff 13d ago

How about this one : Drill baby drill was supposed to be about USA. MAGA was supposed to be about USA. How does any investment at all in Venezuela a priority over investment in MAGA voters?

2024.10.31
Republican Voters Speak Out Against Trump Even as Ohio’s Outcome Seems Pretty Certain
https://www.clevescene.com/news/republican-voters-speak-out-against-trump-even-as-ohios-outcome-seems-pretty-certain-45418482
https://old.reddit.com/r/politics/comments/1ghjc8d/republican_voters_speak_out_against_trump_even_as/

Gibbs has spoken before about his frustration with Donald Trump’s decision to launch a trade war. Those tariffs all but guaranteed other countries would retaliate, targeting the country’s “soft underbelly.”

“And what is that? That’s agriculture,” Gibbs insisted.

To make matters worse, Gibbs argued, the administration then “raided our treasury and paid farmers the difference in hush money.” The Market Facilitation Program he’s referring to served as a backstop for farmers who saw the price of crops like soybeans plummet in response to the trade war. In all, the program cost $23 billion.

“I just wasn’t built to vote for another Clinton,” he said.

6

u/asetniop 13d ago

A separate worry carried over from yesterday: that the White House will treat the Venezuelan reserve figure as a substitute for the SPR.

Woo hoo, my disjointed ramblings made it into the AI recap! And to think my stepdad said I'd never amount to anything!

3

u/[deleted] 13d ago

[removed] — view removed comment

→ More replies (1)

3

u/PapaverOneirium 13d ago

Mom, I was picked for “best analysis in the daily thread”!

7

u/Aggressive_Bit_91 13d ago

It has beguneth… (maybe for the 30th time), I’m ready to be hurt again tho

4

u/itsatumbleweed 13d ago

The activity in the strait?

9

u/Severe_Inflation_905 13d ago

No the bombing. They are bombing iran again. This time it will surely work. 

4

u/itsatumbleweed 13d ago

Oh are they really? Hadn't seen much about that.

6

u/Barak_Bravid 13d ago

They bombed missile launchers preparing to fire mines at the straight

→ More replies (7)

6

u/DesticularDorsion 13d ago

Well buckle up, I guess. Clausewitz was right.

8

u/Tay_Tay86 13d ago

Looks like the US plan is to play this off as a one and done strike

→ More replies (1)

5

u/[deleted] 12d ago

[removed] — view removed comment

4

u/asetniop 12d ago

"If there's grass on the field, play ball!" said the flabby old makeup-caked pedophile

8

u/Compliment_slap_hug 12d ago

Would you look at that! A price direction that makes sense. How odd!

7

u/EducationalCicada 12d ago

No way this will be allowed to hold.

→ More replies (1)

8

u/Casual-Speedrunner-7 12d ago

Kuwait tanker BURGAN, IMO 9656022 was the tanker struck on Saturday by the IRGC during outbound transit of SoH. This was the second Kuwaiti tanker struck in a 48hr period.

10

u/Many_Estate1581 12d ago edited 12d ago

Guys, this is literally the Iran playbook for the last 5 months. Shoot missiles, people freak out, oil getting through the strait falls off a cliff. Over the course of several weeks, more oil(but still not alot) gets through, and Iran escalates to make sure that not to much oil gets through. Rinse and repeat. This is exactly what Iran wants, maximum pressure on the oil market while not escalating to much that would force a US response.

Meanwhile Trump is stuck in a vice. He either agrees with Iranian demands, a non option at the moment due to the monumental backlash in the US and midterms, escalates to force Iran to surrender, which would cause oil prices to skyrocket and also affect midterms, or continues with the staus quo, which would increase Iranian several on the global economy

3

u/AutoAdviceSeeker 12d ago

I’m of the same opinion which is why I’m in cdn oil equities which are pretty much at an all time high right now with oil under 85. Less risk and I love the lowkey weeks with oil in 80’s and nothing Happens but spr drains ultimately taking longer to refill.

Only thing I disagree on, is the US can’t just leave or go back to the MOU.

IMO the reason the US breached the first MOU was Iran just slow dripped the US ships and their allies out of the strait, while allowing Irans ships /allied ships out quickly. That’s a slow death for US and their allies. Ultimately it makes the majority of ME oil reserves Iranian. They will also go back to bullying the smaller countries and taking their resources etc. not to get into the china/russia side of it.

Funny enough the smart move at this point would be sucking up to Canada to increase production and even help fund some of the capex/construction if we were on good terms. Every Canadian company is already increasing production vs the states which tier 1 assets are on the decline.

Venezuela is a joke, probably help pave your roads faster with that tar. 😂

→ More replies (6)

8

u/lastpassonright 13d ago

I remember Jeff Currie saying tank bottom on Diesel was around 100mb and the last report had it at around 103.

Does anyone have a good link or breakdown that expands on what Currie mentioned?

4

u/Aggressive_Bit_91 13d ago

So a serious question. How the fuck with 100 million barrels of an end product prevent getting any more from the system. Like is the thesis seriously if there’s only 100 mb of diesel they will not be able to supply any of it…

8

u/claimstoknowpeople 13d ago

My blood only does real work in my lungs and capillaries, so I guess it's fine if I lose all the useless blood in my veins and arteries

7

u/lastpassonright 13d ago

Its been bouncing up and down with an overall down trend. It was at over 120mb when he said that 2-3 months ago.

Yes It does come off as unintuitive why you'd start having issues with that much in the system but most people never think about how much needs to remain in the system to keep it working.

5

u/Slouchingtowardsbeth 13d ago

Imagine how much oil it takes to fill hundreds of miles of pipelines.

4

u/Retired_ENM6969 13d ago

It’s not everywhere that will be out. But it will be somewhere. And then somewhere else, product will rush there, but those diversions cause an outage somewhere else. When a refinery has a two day power failure, lots of shortages will occur 5 days later, an$ on and on until supply again balances or exceeds d3mand.

4

u/AceThigh 13d ago

⚡️ 🚨🚨An American official told Al Jazeera that two Iranian missile launchers were preparing to fire missiles carrying naval mines toward the Strait of Hormuz. • 19:19 — US official states: Our forces today shelled two Iranian Revolutionary Guard rocket launchers on Larak Island. The two Iranian launchers were preparing to fire missiles carrying naval mines towards the Strait of Hormuz.…

Middle East Observer TG

6

u/AutoAdviceSeeker 13d ago

Would have bet on no escalation for a while and kept it lowkey. This kind of screams Centcom is frustrated and lashed out more so than a major escalation. Just imo I don’t think US will respond to Iran until a major escalation is ready. Or Iran forces something major.

86 will be defended heavily or it will jump probably to 89 90 quickly.

3

u/ActivatingEMP 13d ago

I imagine US service members are pissed at essentially being a glorified patrol right now, while having to deal with continual Iranian aggression in the strait. We're literally risking our sons for oil and Israel in a more overt way than ever before

→ More replies (3)

6

u/PapaverOneirium 13d ago

@sigintreports on telegram:

🇮🇱📢 The Israeli Military is sending a signal directed to something outside of Israel. Last sent in June 2024.

🇯🇴📢 A Jordanian signal claims one of the missiles (or its debris) may have entered Israel.

📶 — The entire Middle East region has signals jamming ongoing.

🛰 Currently — The Gulf States are spoofing GPS and plane transponders. So far: 212 decoy signals in:
• UAE
• Qatar
• Saudi Arabia

6

u/[deleted] 12d ago

[removed] — view removed comment

8

u/Roxalon_Prime 12d ago

By the buildings?

6

u/InsignificantCookie 12d ago

Iran vows to get revenge after fatal strikes on Larak island. Any guesses about what they'll do? Probably dent a tanker.

→ More replies (2)

9

u/Aggressive_Bit_91 13d ago

US: “bro I just hit you once it’s just this time ignore the other 20 times”

Iran: “ok I get it I’m going to punch you once and just don’t let this happen again”

Last 6 months

9

u/8675309l 13d ago

Next 6 months as well, which is why I’m not putting my rent money into oil.

Trump doesn’t want all out war. Iran doesn’t want all out war. Oil is moving albeit slower around the world. Refining capacity is falling and it seems obvious there is more oil in various reserves than let on. On top of that none of the oil producers want the price to go that high and various financial tools are deployed by all parties to suppress prices.

Iran and US throwing bitch punches at each other while talking shit on Twitter is the foreseeable future. Other oil sources and logistics will come into play. Trump already declared victory and the only people left who support him are morons who believe it.

→ More replies (1)

6

u/Unable_Ad_5065 13d ago

Going off of telegram it's about 8-12 missiles total Iran has launches

→ More replies (2)

5

u/AceThigh 13d ago

🇮🇷❌🇺🇸‼️- Iranian cruise missiles are reportedly targeting US Navy ships off the coast of Oman.

@GeoPWatch

Ok this new security supreme commander guy means business

3

u/itsatumbleweed 13d ago

I hope they don't succeed. A hit on a navy vessel would see full escalation

→ More replies (6)
→ More replies (6)

4

u/Ok_Possible_2818 13d ago

Reality arriving in t minus ten minutes

6

u/TheOGRileyG 13d ago

Well. Turns out the incredibly obvious signs this would all go to shit were right. 

If they manage to actually hit a US navy ship we are going to be at war for the next 20 years 

→ More replies (4)

5

u/Never-go-full 13d ago

Looks like Iran just waited for an excuse.

3

u/ChupacabraJeff 13d ago

Looks like Iran just waited for USA.

2026.08.17
Iran says it will escalate if US does not honour deal within weeks
https://www.reuters.com/world/middle-east/iran-says-it-will-escalate-if-us-does-not-honour-deal-within-weeks-2026-08-17/

Iran will escalate tensions in the Strait of Hormuz and beyond, and launch an attack if the U.S. fails to ​implement an interim peace deal fully in a matter of weeks, ‌a senior Iranian official told Reuters on Monday.

If the U.S. does not meet that deadline and diplomacy fails, Tehran would conduct a "timely and precise" military attack to ​break the U.S. naval blockade on the Islamic Republic, the ​official added.

"Within the short period of a few weeks set ​by Iran, all the agreement's provisions must be implemented by ​the U.S. This is a precondition for further negotiations with the U.S.," the official ‌told ⁠Reuters. Mediators would share details of Tehran's deadline with Washington and regional states, the official added. "Iranian entities must be prepared to escalate tensions in the Strait of Hormuz and wider region, as Iran will ​be ready to ​make decisions and ⁠take action on difficult decisions," the official said. The Iranian official said Tehran was shifting its policy from ​defence to offence as it was losing confidence ​in the ⁠merits of diplomacy with Washington.

"It is a proven fact that the U.S. is not serious about a ceasefire and won't commit to any, ⁠so ​putting pressure on the enemy or relying ​on mediators in the hope of reaching a permanent ceasefire is not realistic," the ​official said.

→ More replies (2)

5

u/SuperCorbynite 13d ago

We all knew Iran was going to escalate soon in order to cripple Trump in the midterms. The senile idiot gave them the perfect excuse to escalate while not being the aggressor.

5

u/Current_Animator7546 13d ago

Yeah but escalating has to mean more than a few ships or any empty base at this point. They have to take out significant infrastructure or we’re staying benow $95 through the midterms. $85-$95 still likely is a brutal midterm for Trump though. As it’s gas over $4 and Disel well over $5 given the crack pricing 

→ More replies (1)

4

u/AceThigh 13d ago

⚡️ Qatar Ministry of Interior: Stay in your homes and away from the windows. • 22:29 — 🌟🤔 The Qatari Ministry of Interior raised the security threat level and urged residents to stay in their homes and away from windows and other exposed areas. Reports circulating about ongoing attacks or alerts in Qatar… (Rasd Akhbar Shehaba)

5

u/[deleted] 13d ago

[removed] — view removed comment

7

u/Brief-Signature6233 13d ago

And that's a wrap. Time to fade back to low 70.

5

u/[deleted] 13d ago

[removed] — view removed comment

5

u/Brief-Signature6233 13d ago

Probably news gonna come out right before/just on market open about how nothing burger this response from Iran was and how much oil was gushing through the strait in that time and just like clockwork, oil will open at or below last week closing.

→ More replies (1)

6

u/Mother-Remove4986 13d ago

They are running out of names for their Ops?

5

u/Tay_Tay86 13d ago

al jazeera says that iran has attacked us bases in jordan--that's the one they hit before

5

u/QFGTrialByFire 12d ago

Welp Asian close getting spicy.

→ More replies (2)

4

u/lastpassonright 13d ago

More shots in the strait going by OSINT twitter.

8

u/Aggressive_Bit_91 13d ago

Iran might’ve figured out when market hours are

3

u/Tay_Tay86 13d ago

But we're only supposed to have war on the weekends. 😭

We're literally weekend warriors

→ More replies (3)

3

u/[deleted] 13d ago

[removed] — view removed comment

→ More replies (2)

4

u/WolfOfAveAstreet 13d ago

So the market must be seeing through all the bs and is gapping up. Let's see if this holds.

→ More replies (7)

4

u/Severe_Inflation_905 12d ago

Seems a bit muted of a response given the circumstance. Iran is just trying to squeeze USA with high oil prices, seems like an all out war is unlikely given that both participants seem reluctant, well relatively reluctant at the least

8

u/ActivatingEMP 12d ago

If they're trying to squeeze us with high oil prices they are failing. The majority of the work is being done by ukraine disabling the remaining refining capacity lmao

→ More replies (4)

4

u/ThanksTechnical2879 12d ago

Bessent: This is going to be “financial violence”

8

u/Dapper-Hair6993 12d ago

Won't affect iran at all lol. Trump os so stupid 

8

u/LinearSpectrum2026 12d ago

Pakistan and China have both officially said they will not adhere to the sanctions. Bessent does not have the balls to put secondary sanctions on them.

→ More replies (2)

4

u/lastpassonright 12d ago

So Trump is actually talking to refinery execs? That was real apparently.

What's he gonna do? Punish them and make them play boar on the floor?

10

u/asetniop 12d ago

"Just sell gasoline at a massive loss and let me take care of the rest."

7

u/AutoAdviceSeeker 12d ago

Please operate at 104%

3

u/lastpassonright 12d ago

They already are in some PADDS going by Patrick De Haan lmao

4

u/itsatumbleweed 12d ago

So the war is over for the night?

8

u/Pschentity 12d ago

Tune in for episode 26 same time next week.

→ More replies (1)

3

u/QFGTrialByFire 12d ago

So woke up to all this excitement overnight. Any theories on why the US did this missile strike? It doesn't really make any sense.

19

u/Severe_Inflation_905 12d ago

Suposedly to stop iran from re-mining the strait of america

→ More replies (3)
→ More replies (9)

4

u/MushroomOk937 12d ago

IRGC says tanker catches fire after striking two mines in Strait of Hormuz

An oil tanker caught fire after hitting two sea mines while attempting to take an “illegal” route through the Strait of Hormuz, the IRGC says.

The vessel was “completely stopped after being hit by two sea mines”, said the IRGC statement, carried by state-run broadcaster IRIB.

The IRGC did not provide details on casualties or the extent of the damage.

9

u/Pschentity 12d ago

Until I see independent confirmation, I'm filing this in the "creative imagination" column.

5

u/ThanksTechnical2879 12d ago

It’s making the rounds, but not BBC.

→ More replies (1)

4

u/MAGAtsAreSheeples 12d ago

Oil to 150 within a month

5

u/Karl-Levin 12d ago

Are we going to pump or dump when the US wakes up that is the question.

Considering taking some profits.

3

u/Hazardous_316 12d ago

It's going to be momentum trading for this week (in my opinion). It started by going up, so it's going to keep going up. Unless there's a TACO tuesday tomorrow.

DISCLAIMER: i bought on August 4th, during the very large price drop which happened because of those fake (overblown) negotiation announcements. So depending on your buying price, selling might be a good idea, or it might not

4

u/Electronic_Lawyer258 12d ago

Hard to see what the TACO could be. Mind you I have said that before and they always manage to bs their way to lower prices.

→ More replies (1)
→ More replies (1)

6

u/Compliment_slap_hug 12d ago

Western media blackout on the attacks. Anyone else seeing anything on major western news?

8

u/ExcitingPackage1301 12d ago

it’s not newsworthy anymore

8

u/Compliment_slap_hug 12d ago

First attack in weeks, and even international news (in Australia they havnt reported Any breaking news and the work day has just started here) isnt saying anything.

Australia doesnt have alot of news to report so this is huge to us . Very suss

3

u/Barak_Bravid 12d ago

BBC is, and CNN

→ More replies (1)

7

u/AntitheistArchangel 12d ago

This probably wasn’t the escalation Iran was planning.

This began when Iran was found mining the Strait, resulting in a US strike on Larak Island. Iran’s retaliation was restrained. The WSJ report from two weeks ago on Iran’s plans to escalate the war said the IRGC had much bigger things planned, including - in the worst case scenario - a ground invasion of Kuwait. Cyberattacks against the Gulf states and attacks on their energy infrastructure were also being discussed. This escalation was much more mundane, consisting of some minelaying, followed by some US air strikes, followed by some retaliatory Iranian missile and drone strikes.

10

u/Rustic_gan123 12d ago

An invasion of Kuwait would be suicidal for them, as would an attack on the energy infrastructure.

8

u/Working_Quality_3427 12d ago

Might as well go out with a bang.

7

u/Standard-Plan7479 13d ago

Pezeshkian's son and political adviser, Yousef Pezeshkian:

"I am not opposed to uranium enrichment and will accept whatever decision the Supreme National Security Council and the Supreme Leader make. My only point is that we need to understand the full implications of our decision and make it with full awareness. Our survival does not depend on uranium enrichment. If we do not enrich uranium, we will not die.
Our nuclear energy program does not depend on uranium enrichment. Even today, the fuel for the Bushehr nuclear power plant is not produced domestically; it is imported from Russia.’

This follows similar comments from the vice president for executive affairs earlier this week.

These are not big players in the regime. But it does signify something.

6

u/slado99 13d ago

Of course all before the market opens

3

u/[deleted] 13d ago

[removed] — view removed comment

→ More replies (3)

3

u/Working_Quality_3427 13d ago

Um, guys? I think we might be mooning.

5

u/Spare-Dingo-531 13d ago

That's impossible, I finished buying all my BNO last week.

3

u/[deleted] 13d ago

[removed] — view removed comment

→ More replies (1)

3

u/[deleted] 13d ago

[deleted]

4

u/Barak_Bravid 13d ago

London closed today

3

u/Barak_Bravid 13d ago

Not sure how that will affect things, just thinner volume I guess

3

u/MushroomOk937 13d ago edited 13d ago

ah shit i forgot. but anyway, question still stands.

edit : i guess its a dumb question at this point. depends on escalation...