The Hormuz Ceasefire Expires Tomorrow

In twenty-four hours, the ceasefire at the Strait of Hormuz expires. Twenty-one million barrels of oil a day — one third of the world's seaborne supply — hangs on what happens next. Pakistan mediated twenty-one hours of negotiations in Islamabad. They collapsed. Iran demanded the US withdraw its carrier group from the Gulf. Washington refused. Then on April nineteenth, the USS Spruance seized an Iranian cargo ship near the strait. Iran called it an act of war and re-closed shipping lanes. Trump says extending the ceasefire is quote highly unlikely. If the ceasefire breaks, oil could hit one-fifty a barrel by morning. Gas prices surge worldwide within days. And the full story of how America trapped China through three chokepoints is in the link in the comments. Follow Money Maps for more.