Commentary

Three Oil Tankers on Fire Following Trump’s Advice, Crude Jumps Again

Hey, I thought the war was over.

Three Commercial Ships Hit Near Strait of Hormuz

The Wall Street Journal reports Three Commercial Ships Hit Near Strait of Hormuz

Three commercial ships were struck around the Strait of Hormuz on Wednesday as Iran stepped up its efforts to halt traffic through the critical oil conduit. The U.S. military has turned down requests to escort tankers or other civilian ships through the strait, with defense officials saying it won’t do so until the threat of Iranian fire has eased.

I am pleased to report the US will provide escorts as soon as they are no longer needed.

Q: How soon is that?
A: Please, don’t get me started on more of this soon stuff.

What happened to the victory? To military escorts? To Trump setting the terms of the surrender?

Well, I am pleased to report the war has been won!

Trump Says We Won the War

Trump Celebrating the End of the War

Q: Now that we’ve won the war, what’s the price of oil doing?
A: Good question. Just as one might have expected. It’s up over 7,5 percent to $94 a barrel.

Wait! What?

Right in the Middle of His Gaslighting, Guess What

Just Do It!

Have Some Guts

What Are the Goals?

Who the hell knows what the goals are? Even Trump doesn’t seem to know.

Tapping Reserves

Excuse me for asking but why didn’t Trump fill the reserves when crude was below $60?

More importantly, why didn’t he fill the reserves before starting a stupid war?

Shocking But True

China Was Prepared

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Interesting Fact

US-Owned Tanker Hit

US-owned SAFESEA VISHNU oil tanker has been hit near Iraq by an underwater drone This the first US-owned oil tanker taken out in this war

China Monitors the War

I have no idea regarding the translation, but that looks legit.

Costs Keep Mounting

Sorry, but those are not the costs. Factor in gasoline prices, natural gas prices, aluminum prices, lost trade, permanently disrupted supply chains, and rebuilding costs.

We are easily over $100 billion now and headed to a trillion.

Have We Discussed Fertilizer Yet?

I sense more aid for our farmers is coming.

Mystery Solved!

We started the war to keep us out of war.

Fact Check
Yes, that is truly 5D thinking.

Well, at least we won the war.

Related Posts

March 10, 2026: What If the Iran War Ended Today? How Long Before Oil Is Normal?

That’s a big IF that isn’t happening, but what IF?

March 10, 2026: An “Angry” Senator Blumenthal Says “Path Is Boots on the Ground” in Iran

OK Mish, What Are the Odds of Boots on the Ground?

March 11, 2026: IEA Will Release the Most Oil in History Hoping to Lower Prices. Impressive?

The IEA will release 400 million barrels of oil hoping to tame crude prices. So what?

Article posted with permission from Mish Shedlock

Mish Shedlock

Mike Shedlock / Mish is a registered investment advisor for SitkaPacific Capital Management. On “MishTalk,” global economics blog, he writes several articles a day on the global economy. Topics include interest rates, central bank policy, gold and precious metals, jobs, and economic reports, all from an Austrian Economic perspective.

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