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The rally has been built on profits—not rising valuations.
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The Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says cnbc.comUS Sees Iran War Oil Supply Disruptions Lasting Through 2027 Bloomberg.comHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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Iran war live: US fires on ship for defying blockade as Trump claims Hormuz control independent.co.ukThe Trump administration claims oil is flowing normally again. There's just one problem CNNHormuz closure squeezes global economy as oil demand destruction intensifies, IEA says CNBCHormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says WSJ
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