Are we going to make a record with oil? Overall, the Strait of Hormuz has never been closed historically... and Iran is not willing to open it.And even if the Strait of Hormuz opens, it will take months to years to clear the mines.
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I imagine a new 9/11–like World Trade Center tragedy and the stock market reaction to it:0. A new 9/11 happens, carried out by Iran.1. The market drops 10% in pre-market trading.2. It recovers to -5% by the market open.3. Then AXIOS reports that the damage to the two towers that collapsed is not that severe.4. The WSJ says that, to repair the damage, companies will increase CAPEX in construction. The market recovers to -2%.5. Then AXIOS reports that a new peace agreement with Iran is reached, an
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