QCI #077 - Oil Prices Surge as Equities Markets Sell Off

With the Middle Eastern conflict constantly growing and the Strait of Hormuz choke point closed, the price of Oil has gone parabolic almost doubling from $65 per barrel last week to almost $120 today.

Israel wants a War to occur because its Middle Eastern Enemies would be fighting each other and the United States. This conflict appears to be artificially developed. The US Army is against joining, British Intelligence has shared that the attacks on the UAE have come from Israel.

Personally, I do not see this developing into a War unless the United States scales this into a War by draining China and Russia of its Energy resources that come from the Strait of Hormuz. And for that to happen, China and Russia will also want to be in a War, and BRICS nation want to enter into a War with the United States now, they want to wait it out and shift the energy market and Global trade away from the United States.

If this occurs, the world's dependence on the United States deminishes and so does Israel's plans of expanding its territory beyond Palestine.