TMAD Commodities: Iran Shuts The Strait Until 2029 With No Deal
$USO $GLD $SLV $URA $COPX $SPX
Hello Traders,
Frustration in Tehran is mounting as empty diplomatic promises combine with escalating threats, wearing down the regime's patience with the Trump administration. Reports indicate that Tehran is prepared to keep the Strait of Hormuz closed as a strategic leverage point, maintaining pressure throughout the current U.S. presidential term until a new administration takes office.
At the pump, relief remains elusive as diesel prices hover near multi-year highs, sustained by expanding refinery margins and tight product markets. Meanwhile, crude oil prices stay suppressed as the administration continues tapping the Strategic Petroleum Reserve, driving emergency stockpiles to multi-decade lows.
This aggressive drawdown is approaching a critical threshold that the market cannot ignore much longer. Compounding these structural imbalances, the diesel-to-crude crack spread has widened to its highest level since 2020, signaling that a severe supply-side crisis is brewing beneath the surface
