Yesterday, Iran struck Saudi Arabia's Ras Tanura refinery in the US-exclusive zone and Qatar's natural gas hub Ras Laffan Industrial City. Crude oil prices surged another 10%, with Brent oil now rising to $116 per barrel. Iran is considering charging transit fees to ships passing through the Strait of Hormuz. Iran is playing a two-pronged strategy: collecting transit fees! Once the war stops, oil prices won't immediately drop back to pre-war levels, allowing Iran to sell oil at premium prices and reap substantial profits.
The Middle East three-country war shows no signs of stopping yet. Trump
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