QUESTION: Will oil go crazy if Iran closes the Strait of Hormuz?
Sam
ANSWER: It is questionable if Iran would do that, for we get only about 3% of our oil through that strait, whereas 80% or so goes to China. Nevertheless, February was a Directional Change and March remains a key target until we have a Panic Cycle in June. We also have a Yearly Panic Cycle in 2028.
China has built the railway infrastructure that connects Iran to China, creating a potential land corridor for energy and trade. While not a dedicated oil pipeline, it is a crucial piece of China’s strategy to secure overland energy and trade routes. The railway to Iran is not a…
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