Friday, July 19, 2019

Notes From All Over -- Part 3, July 19, 2019

Iran: seizes a British-flagged, Swedish-owned tanker. Said to be in retaliation for Brits seizing one of Iran's tankers. It's beyond me why any western-flagged tanker is going through the strait without overwhelming naval military protection. It's even more beyond me what Iran's long-term game plan is. Iran is irritating everyone -- not just the Brits or the US -- in the area -- including the other OPEC members in the Mideast.

WTI: flat.

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