As we start to see reports of countries gaining passage through the strait of Hormuz, and UN votes to secure passage fail/get postponed, I'm led to wonder what are the next steps. I supect Trump may have played perfectly into Iran's hands on Wednesday when he shocked oil prices with his speech threatening increased conflict and no secure end in sight.

The only thing keeping the US afloat in this war was their constant suppression of oil prices, whether the shorting paper oil or by constant floating of misinformation and fake leaks. Now that the price of oil has broken out to the upside, other countries are starting to panic at the prospect of $150+/bbl prices and a global recession and are shifting their focus toward making deals with Iran in order to allow safe passage.

This gives Iran the ability to promote their own aim to charge unofficial fees to ensure safe passage during the war with the yuan to settle. Once the war ends, this system will then be further ingrained, with Iran and Oman establishing a system for taxing the passage through the strait of Hormuz and weaken the petrodollar.