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Nick Szabo·2026-03-10 19:10
RT Mohamed A. El-Erian (@elerianm)Another super wild day in the oil market as prices plummet following President Trump’s speech yesterday evening, an unconfirmed report of the US military escorting a tanker through the Strait of Hormuz, and a multi-country agreement on a possible coordinated release of strategic reserves.Pulling back the lens a little, the volatility is staggering:In just 7 days, oil prices surged from around $70 a barrel to nearly $120 just 24 hours ago, only to fall to $80 currently.FWIW, ...