Get Ready For A Long War And A Much Lower S&P 500

2026-03-09 14:58:36 ET

Since April of 2024, I have been aggressively warning about the prospect of a major regional war in the Middle East that could potentially cause oil prices to rise to $300. In my article, " Oil Shock: The Path to $300 ," I clearly laid out the scenarios that could lead to such a major oil price shock. The two most important ways that this could happen would be via a disruption of oil flows through the Strait of Hormuz and attacks on oil production, processing, and transport infrastructure in the Persian Gulf region. It was my position, laid out in this article and numerous others , that Iran had the military capacity to sustain prolonged disruptions in the Strait of Hormuz and also to cause massive damage to petroleum infrastructure in the region....

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