🇺🇸🇮🇷 Oil is above $100, but the real danger may be what happens to diesel I had an interesting conversation with financial analyst David Lin about what oil markets are telling us as tensions with Iran rise again. Brent is trading around $107 a barrel,
🇺🇸🇮🇷 Oil is above $100, but the real danger may be what happens to diesel I had an interesting conversation with financial analyst David Lin about what oil markets are telling us as tensions with Iran rise again. Brent is trading around $107 a barrel, and I'm tr - X
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DW NOTE
Brent at $107 means nothing if you're running a trucking fleet or a farm and diesel is unavailable at any price. The Hormuz closure has been absolute for 230 days — refineries are rationing distillate output, and the diesel crack spread is trading at multiples of the crude price move. This isn't an oil shock, it's a logistics collapse with a six-month fuse.