The Fat Pipe July 20th 2026: A Weekend of Attacks, Oil Manipulation, Poking the Bear, & Grab Bag
What a wild weekend of news that was! Things are now at a very critical stage...
Source: Peak Prosperity
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DW NOTE
Day 141 of a conflict that has bombed an under-construction nuclear plant, killed US servicemembers in Jordan, and driven repeated strikes across the Gulf — and the primary emotion is boredom. When attrition replaces shock, casualties stop moving policy. The US blockade began July 10, twelve days after a ceasefire it claims to honour, and oil is still 25% below its one-year high. Markets have priced in "manageable crisis." That assumption has not yet been tested by something unmanageable.