Wall Street completely abandoned its geopolitical panic today. Global oil prices crashed to their lowest levels since the war began. Traders dumped their assets as the Strait of Hormuz cautiously reopened. Brent crude plummeted below 74 dollars a barrel. West Texas Intermediate dropped sharply below the 70-dollar mark. The market entirely erased the lucrative war premium it built up.
Profiting off Peace
US officials claim 20 million barrels of oil passed through the strait. The global energy cartel celebrates the sudden return of cheap crude. The working class suffered massive inflation while the elite gambled. Now the ships sail freely through waters still littered with naval mines. Money always flows faster than human empathy. The markets demand stability so the corporations can resume their extraction.
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