"The oil crisis is about to get physical. The map at the top of this post shows J.P. Morgan’s estimates of when tankers from the Gulf will stop arriving at various destinations. Deliveries to Asian markets will end this week; deliveries to Europe will end next week.

And once the crisis gets physical, there will no longer be room for jawboning the markets."

~ Paul Krugman

#Trump #Iran #war #StraitofHormuz #oil #gas #ApprovallRating #markets #StockMarket
/6

paulkrugman.substack.com/p/the…

The Oil Crisis is About to Get Physical

From market speculation to crude reality

^{Paul Krugman}

"Donald Trump’s net approval rating has dropped to -17, the lowest for any President in American history at this point in their presidency:"

~ Aaron Parnas

#Trump #Iran #war #StraitofHormuz #oil #gas #ApprovallRating
/5

aaronparnas.substack.com/p/new…

NEWS: Trump Lashes Out as Gas Prices Soar, Approvals Fall to Lowest in History, France Rejects US Access to Airspace, Trump Looks for Way out of Iran

Good morning everyone.

^{Aaron Parnas (The Parnas Perspective)}