Iran and the U.S. have had differences before, but what has occurred in the Strait of Hormuz, is on a level not seen for some time.
20 percent of the world’s oil supply goes through the Strait of Hormuz.
Iran has a key location to disrupt the oil supply. This situation will hang around as it won’t be settled overnight. Get ready for higher oil prices, higher gold prices, and inflation.
$100 per barrel oil could easily become a reality once again, having a massive impact on the supply chain of all products.*
* Story from zerohedge.com: Conflict with Iran
Oil and gold have moved higher on these uncertain times with Iran.