Now we know why we learned World History in high school.
After a decent start, the market is pulling back on fears of a possible US conflict with Iran. Tensions have been rising for a few weeks over Iran’s threat to shut down the Straight of Hormuz which happens to run 15 million barrels a day of oil through its waters, or one-fifth of the global production.
The country has been moved to the top of the global sanctions list due to its thirst for nuclear weapons and said shutting down the Straight would be easier than drinking a glass of H20. The US fired back (possible future pun intended) by saying no way Jose and will take action if Iran attempts to block the 4-mile width passage....
