Tidbits, Call Options Contracts, Iran, Crude Oil, Fertilizers, Cattle on Feed 3/21/26
- Wright team
- 14 hours ago
- 5 min read
Tidbits
Iran has adopted a strategy to undermine the global economic system to force the U.S. and Israel to stop their attacks. Iran has repeatedly attacked refineries and oil fields across the Middle East and has succeeded to seal the Strait of Hormuz to keep crude oil, natural gas, and fertilizer from flowing into the world marketplace.
The longer the Strait of Hormuz remains closed, the more likely the lack of fertilizer will produce food shortages around the world. Iran has essentially lost all its military capabilities and at least 40 to 50 of its top leaders have been killed. No one has seen the newly appointed leader in public, which is understandable. His few communications are delivered by couriers. Reports are he was injured when his father was killed, but there is a possibility he has also died.
A prolonged war could have devastating effects on most of the world’s population. As food and fuel prices increase, world leaders will pressure Trump to halt his effort to overthrow Iran’s government. Trump needs that Strait reopened very soon.
More U.S. Marines are headed to the Persian Gulf area. They may be used to secure the land area adjacent to the Strait of Hormuz of all weapons that could fire on ships passing through the Strait so insurance companies will once again provide insurance to those vessels. It is the lack of insurance coverage that is keeping ships from transiting the Strait, not the Iranian military.
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