Call Me Stormy

Finding righteous currents in turbulent times

Archive for the tag “Persian Gulf”

Trump Eyes NATO Departure

President Donald Trump is mulling over an American departure from NATO. This comes after European nations refused to help guard oil tankers carrying loads of exported oil over the Persian Gulf through the Strait of Hormuz, flanking Iran.

Europe stands to benefit from free-flowing oil, as at least 10 percent of the gas it uses flows through the Persian Gulf. Of course, Asian nations, including Japan, India and Communist China, derive even higher totals of their oil supply through the Persian Gulf.

Meanwhile, Trump is building new support in his fight to defang the Iranians and their terrorist allies. Saudi Arabia is said to be ready to attack Iran after Iran keeps lobbing missiles and drones into Saudi Arabia and neighboring Gulf states.

If Saudi Arabia does so, how many other Gulf states might join them? Will this lead to World War III or will Iran have to seek peace, knowing none of its neighbors will put up any longer with the constant threats of violence and terrorism? Here’s more from Steve Turley.

(EDITOR’S NOTE: The NATO forces apparently relented later Thursday, as six nations signed a joint statement saying they will take part in a mission to patrol the Persian Gulf to ensure safe passageway for ships. Signing the agreement: Great Britain, France, Germany, Italy, the Netherlands and Japan.)

Markets Zip As Tensions Rise

Michael Jaco offers a succinct yet quite informative update on the how the Iran War is impacting the stock market, oil prices and politics in the West. He sees pressures rising in ways that could soon crash, or at least put a major dent, in the stock market.

As he has suggested for many years, Jaco recommends silver and gold, particularly silver, as an alternative. At the same time, he urges buyers to purchase when prices dip. We are seeing some dips — signs of bankers flooding the markets with silver to hold down prices as long as possible.

Jaco,  a former CIA officer, also tells his followers: Beware of manipulations. Over the short term, financial trickery can give false impressions, but long-term markets tend to show where the economy is headed.

While President Donald Trump might be resisting, Jaco believes Trump will eventually be forced to place boots on the ground in Iran to stabilize oil shipments and prices. He predicts limited troop dispersals, mostly along the coastline of the Persian Gulf, in an effort to prevent further attacks on shipping vessels traveling through the Gulf.

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