And I thought Covid-19 was bad enough...
As I type this blog post, the Americans and Israelis are one month into their war with the Iranians. The Straits of Hormuz is occasionally shut, but reopened whenever the Iranians “feel good.” From news reports, the strait is either opened to Iran’s allies or to tankers that have paid a hefty “toll fee” of up to USD 2 million for safe passage. Imagine this… if someone paid you 2 million dollars a day (and who knows how many tankers pass through daily), would you suddenly open up the strait, return to normal, and collect nothing? Probably not. If someone is willing to pay, there will always be someone willing to sell. Clearly, the strait is being held hostage. Before the war, about 20% of the world’s oil passed through it. If this issue is not resolved, the global economy will take a serious hit. I’ll leave out the detailed facts and figures in this post and instead focus on the possible outcomes—and what you can do to take advantage of this situation. I call this an opportunity beca...
