A significant portion of global petroleum consumption and a significant share of the world's LNG trade flows through the Strait of Hormuz, the narrow waterway connecting the Persian Gulf to the open ocean. Iran's Revolutionary Guard has threatened to fire on ships attempting passage, effectively weaponising the chokepoint that the global energy system was built around.
Iran was never designed to win a conventional war against a superpower. Its doctrine is asymmetrical. Ballistic missiles reaching 2,000 kilometres make for dramatic headlines, but Tehran's real leverage lies in calibrated disruption: cyber operations, maritime insecurity in the Gulf, proxy ambiguity, and energy market shockwaves.
For all of Trump saying, 'Hey, you know, we took out Khamenei, we knew exactly where he was,'-apparently we didn't do the same for Iran's attack capabilities. It seems like our plan was to take out Khamenei and then hope for the best.
Both the oil and gold price were up Monday morning, as the Strait of Hormuz and safe-haven assets became the point of focus for markets. Geopolitical crises like the one unfolding currently will invariably apply upward pressure on the gold price and that's precisely what is happening this time round.
Violent clashes between protesters and security forces in Pakistan's southern port city of Karachi and in the country's north left at least 22 people dead and more than 120 others injured as demonstrators supportive of the Iranian government attempted to storm a U.S. Consulate on Sunday, authorities said.
Video recorded by bystanders and verified by The Post showed a crowd frantically gathered around the school after it was struck. Shattered glass and crumbled wall blanketed the ground. One side of the building appeared to have nearly collapsed, as smoke rose from the debris. Additional footage released by Iranian media showed backpacks apparently stained with blood and a row of what appeared to be corpses in body bags.
