If the blockade of Hormuz strait persists, western countries are going to be hit by depletion of oil reserves, jet fuel etc. We've seen similar moves in 2008 where the oil rose continually for a year and grew more than 100%. It is apparent that today's situation will be much much worse, if it persists. Thus I'm inclined to say, that a next economic crisis may be coming soon and this could be the catalyst.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.