The U.S. military strike plus the revocation of oil permits is essentially doing one thing: pushing up oil prices.

Brent crude rose 6%, WTI rose 5%, and this is just the beginning. The Strait of Hormuz sees 20 million barrels of crude oil transit daily; once shipping continues to be disrupted, the room for oil prices to surge is much larger than you imagine.

Oil prices go up, then what? Inflation expectations follow.

Inflation rises. Would the Federal Reserve (now in the Walsh era) dare to cut rates? Not only would they not dare, but they would also have to maintain high interest rates, possibly even raise them further.

In a high-interest-rate environment, the opportunity cost of holding gold skyrockets—non-yielding assets are garbage when interest rates are high.

#美终止对伊朗石油制裁豁免