ProShares K-1 Free Crude Oil ETF OILK

The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on a global scale is becoming increasingly realistic with each day that the Strait of Hormuz remains almost completely blocked. Analysts are no longer modeling for a swift end to the war between the United States, Israel, and Iran. They are now also allowing for an extended period of severe energy flow disruptions—and it is not looking good.

He said: “What is certain is that the hands of time will not turn backwards and the nations and lands of the region will no longer serve as shields for American bases. The United States not only will no longer have a safe haven for its mischief and for establishing military bases in the region but, day by day, it is growing more distant from its former status.”

He added: “The shaken Zionist regime and the cancerous tumour of Israel are approaching the final stages of their wretched existence.” His remarks put into perspective Trump’s much-derided claim that Arab states, as well as Turkey and Iran, should normalise relations with Israel.

Iran's foreign ministry called the strikes a ceasefire violation and warned that Washington would bear responsibility for “all consequences,” without elaborating.