President Trump's Head-Spinning Pivot on an Emergency Oil Release
wsj.com
wsj.com
If the straight of Hormuz isn't opened in the next few weeks, stock markets are going to start to crash.
> President Trump’s Head-Spinning Pivot on an Emergency Oil Release
> In a matter of hours, the White House changed its position and pushed allies to move forward with a massive oil market intervention
> Still, skepticism abounds about whether the 400 million barrel release will be enough to keep prices below $100 a barrel. The size of the release accounts for only about 20 days of shipments through the Strait of Hormuz, officials say.
https://x.com/bopanc/status/2032022506740015162 (author)
> The unprecedented oil release is mostly due to concerns within the Trump administration that the Strait of Hormuz, the narrow Persian Gulf waterway that supplies a fifth of the world’s oil, could be closed for weeks or longer, according to U.S. officials.
Unchecked and ill-advised power. Techies please note. All the simulation and scenario planning we do is wasted when it's apparently scrapped for whim.
Oh, and distraction from Epstein.
Unintended consequences dominate when planning is absent or ignored. "Fire anyone who questions me."
A classic failure mode.