The Strait of Hormuz

BREAKING NEWS: IRAN PARLIAMENT REPORTEDLY BACKS CLOSING STRAIT OF HORMUZ

Big.

“About 30 percent of global seaborne oil shipments pass through the narrow passage…”

The United States is pressuring China to persuade Iran not to shut down the Strait of Hormuz. Unbelievable but this is real.

BREAKING NEWS: TWO SUPERTANKERS, EACH CAPABLE OF HAULING ABOUT 2 MILLION BARRELS OF CRUDE, U-TURNED IN THE STRAIT OF HORMUZ

Energy…

“The Coswisdom Lake and South Loyalty both entered the waterway and abruptly changed course…”

BREAKING NEWS: GERMANY AND ITALY ARE FACING CALLS TO MOVE THEIR GOLD OUT OF THE UNITED STATES

The pressure is on.

“Germany and Italy hold the world’s second- and third-largest national gold reserves…”