No. of Recommendations: 4
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
The Port of Corpus Christi has never been busier as tankers from around the world flock to the U.S. Gulf Coast to load up on crude oil during the Iran war.
The Texas port was the third-largest oil export terminal in the world before the war behind Ras Tanura in Saudi Arabia and Basra in Iraq.
Its importance has only grown since, as U.S. crude oil exports have surged to a record and the two big Persian Gulf ports are largely cut off from the world due to Iran’s blockade of the Strait of Hormuz. https://www.cnbc.com/2026/05/03/us-crude-oil-expor...Everything going according to plan. The seizure of Venezuela's oil, and Panama's canal, all part of 17D chess.
How long will the gravy train last? We old pharts remember 67, when the Israeli Army drove all the way across Sinai to the east bank of Suez, forcing the closure of the canal, and sat there until they withdrew from the Sinai after the 73 war. After the Israelis withdrew, Egypt could get to work removing the sunken ships and unexploded ordinance. iirc, the canal was not fit for use until 75. Trump the Conqueror is nearly 80. An 8 year closure of Hormuz will probably meet or exceed his decision time horizon.
They said out loud, two years ago, what they were up to.
Steve
