Hormuz Is Basically Closed and Oil Just Hit $112 — Here's What the Internet Is Screaming
The U.S.-Iran war is in its fifth week, the Strait of Hormuz is a parking lot for tankers, and Reddit just discovered energy stocks exist.
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| USO United States Oil Fund, LP | buy | $124.20 | — | — | — |
| GLD SPDR GOLD TRUST | buy | $414.70 | — | — | — |
| LMT LOCKHEED MARTIN CORP | buy | $614.20 | — | — | — |
| RTX RTX Corp | buy | $188.98 | — | — | — |
| HAL HALLIBURTON CO | hold | $40.50 | — | — | — |
| UAL United Airlines Holdings, Inc. | sell | $87.97 | — | — | — |
| DAL DELTA AIR LINES, INC. | sell | $64.52 | — | — | — |
| MOS MOSAIC CO | buy | $24.76 | — | — | — |
| CF CF Industries Holdings, Inc. | buy | $137.11 | — | — | — |
| BTC Grayscale Bitcoin Mini Trust ETF | hold | $66581.00 | — | — | — |
Five weeks into the U.S.-Iran war and the market vibes are, scientifically speaking, feral. Brent crude closed above $112 a barrel Friday — up 4% in a single session — after Houthis launched ballistic missiles at Israel and the Strait of Hormuz ground to a near-halt, with only 2–5 vessels transiting daily versus a normal 130. Roughly 20,000 seafarers on ~2,000 vessels are stranded near the strait, and the IMO is literally negotiating a humanitarian corridor to get people out. This is not a drill.
On YouTube, Bloomberg's weekend coverage flagged Gulf states — UAE, Saudi Arabia — privately fuming at Iran and quietly weighing military intervention if desalination plants get hit. Meanwhile, a Bloomberg-tracked Illinois farmer just watched his fertilizer bill jump from $11,000 to $21,000 in two weeks. Supply chain dominoes are already falling before Monday's open even happens.
The dollar is catching a safe-haven bid, gold is the new black, and energy bulls are having the week of their lives — $USO and $BRN futures traders are sleeping very well tonight. The rest of us? Not so much.