Attack On Iranian Oil Tanker Reminds Markets We’re ‘One Incident Away From War’
"The market has been entirely too complacent given that we are one security incident away from a war", RBC's chief commodities strategist Helima Croft said Friday after an Iranian oil tanker was hit by missiles in the Red Sea.
The Sabiti - which is capable of carrying 1 million barrels of crude - was rocked by a pair of explosions near the port of Jeddah just after 5:00 a.m. local time. Two of its main oil tanks were apparently ruptured and the vessel is now spilling crude into the sea.
The Ir
Unless this is a bullshit story to purpose some deception, it would seem that there is no other reasonable perpetrator than the Saudis for this attack, which would be quite audacious. Interesting and worrisome to observe.
Albeit, what is an Iranian oil tanker doing in the Red Sea?
That size of tanker can go through the Suez Canal.
Mind you, is it totally a bad idea to send a message to the Iranians that 2 can play that game??
Complacent markets have been a consistent feature since Drumpf got elected. Any meaningful dips have been bought quite swiftly.