The smartest commodity analyst on the planet just said he’s a “bag holder” and still adding. Here’s why he’s right — and why even a ceasefire signed TODAY changes nothing for months. 🧵 <a target="_blank" href="https://twitter.com/commodmkt/status/2065224889142022194" color="blue">x.com/commodmkt/sta...
In 2020, COVID destroyed demand for oil. The world cut production by 9.7M b/d to absorb the shock. In 2026, Hormuz destroyed supply. But this time — nobody can cut demand by 15M b/d. That’s the problem. 🧵...
The oil market just passed its breaking point. And it doesn’t matter if the Strait of Hormuz opens tomorrow. Here’s why the damage is already done 🧵...
