Outlook: Is Your Spidey Sense Tingling?

All excellent points, but it doesn't answer the original question. Why would you listen to a Canadian bank about well, anything? Maple syrup futures maybe

It’s an opinion and perspective as much as the Republican/Conservative PAC Promethean you are pushing.

The longer the wells are closed the more difficult the resumption of supply.

BMO?? "BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal...."
You really want to listen to Montreal Bank??? Get the REAL story:

You gobble a lot of shite, try leaving your weird sycophantic echo chamber for once and see the state of play for what it really is:

Pete Hegseth and Donald Trump are yoked to the classic impotency of American warmongering. War is also uniquely unpopular amongst the American people, as evinced by wars prior. Trump himself urged the Afghanistan presence to be wound down and set that in motion politically and legally before Biden's disastrous exit.

Republicans love to say "no more forever wars", yet seem hopelessly addicted to them. This is the third intervention in a region that Republicans just can't seem to learn lessons from: ideology is institutional, not individual.

The hydra springs from the severed neck of hatred. Like Syria but worse, Iran's regime is a deeply disturbed and zealous regime whose survival depends on the oppression of its people. America has again misunderstood the enemy, blunting the effect of its enormous firepower. This is asymmetric warfare yet again, just like how the Taliban basically triumphed with AK47s and IEDs after trillions of dollars and immensely high tech equipment were essentially wasted by the Americans in Afghanistan.

Republicans need to wake up and properly realise their vision of a US that listens to its own advice: no more forever wars.

And Trump's supporters protest this, remind them that back in June 2025, Trump and Hegseth declared the nuclear capability of Iran obliterated. Fast forward to 2026: it's a key demand that the thousands of KGs of enriched material must be handed over. Truth is pliant, but it has a way of coming out eventually.

Furthermore, Trumpworld has decided Iran is no longer the real enemy, but NATO is - because it did not come to America's defence, despite - it says - all the times America has come to its defence. But Trump said only a couple of weeks ago that he didn't need NATO or the UK because the war was going SO brilliantly! Truth, again, is pliant, but has a way of coming out eventually.

Thirdly, just to remind everyone. Trump said no more forever wars, it'll be over in days, it'll be over in weeks. Soon, he will tell you it will be over in months. Recently, he genuinely said something along the lines of, "it'll be over when I feel it in my bones". Echoing the words of the one president he did not want to emulate in terms of foreign policy, President Bush Junior.

Now watch this drive.

With the Strait of Hormuz effectively closed, the supply shock is becoming more structural than temporary. Markets may need to reprice risk significantly if this continues.