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jmowreader

(53,386 posts)

23. About seven percent of the oil used in the US came through the Strait of Hormuz when it was still open

Thu May 14, 2026, 04:15 PM

Thursday

You do understand why Trump needed to close the Strait: all the people who play oil futures long really wanted to make more money.

There are two ways to deal in securities: long and short. Longs assume the price of an asset will increase, so they buy it at a certain price, wait till it goes up enough to make them happy then sell it. Shorts assume it'll go down so they rent it, sell it, wait till it does what they expect then buy it back. Long is safer than short - if you buy 100 shares of the asset for $100 per share the most you can lose is $10,000 (and that assumes the underlying company goes out of business) but if you short 100 shares at $100 and it goes to $250 the people you rented it from are going to tell you they need it back, like right now.

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rubbersole

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But with the oil supply being hampered by the blockade of the Strait of Hormuz Botany Thursday #15

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