There were tremors in the oil market, spoofing the oil markets, and it was projected that gas in the PHL will rise by P10.00 to P15.00 per liter triggering massive price increases in transport and daily necessities and spiking inflation. This was due to the withdrawing of insurance by Lloyds of London UK
However, we note:
1. The leadership of Iran is gone,
2. Navy ships gone, Air force gone (However the missiles could still be a threat)
Ground war;
3. Trump promised to have US navy escort the ship through the gulf of Hormuz and insure the same thru the US International Development Finance Corporation.
US may be spending a lot for this war, probably now in billions of $ But its all about control of oil, energy, insurance money. And by projecting power to UAE, petro dollars will not vanish after all. Petro dollars will be here to stay. (No severe backlash for US, no domestic inflation) Trump wins.
