Well if the board permits a little OT
Why mostly over ?
1) Very unlikely we put boots on the ground on the Iran side of the Persian Gulf. We are not about to sacrifice young US men and women keeping open a shipping channel we barely use.
2) Iran wants us to try and land troops ...and be in range of thousands of shoulder fired missiles , rocket grenades , heavy machine guns etc ...all the things they couldn't use against our air attacks ...and all of which will be interspersed with the civilian population . Casualties will be huge .
3) Blocking oil out of Kharg Island would infuriate the Chinese ...who get that oil ...right before Trumps planned visit to China
4) If shipping traffic doesnt resume in larger volume soon in the Gulf ...most of Asia and any country relying on Gulf fertilizer will be in serious trouble . So this oil and war crisis has to be "mostly over " and soon.
5) The US has dropped bombs almost as powerful as a small nuclear bomb that appears to have penetrated and destroyed the underground missile storage and possibly nuclear storage sites ...and achieved Trumps central goal ...or at least close to it . No nuclear weapons at least anytime soon.
By the way ...this being " mostly over " is what we need... to get fuel to India and reduce the risk of production cut backs at UNCY's manufacturing contractor Shipla
In fact my guess is yesterday and todays action in UNCY is a " mostly over " trade for the reasons above ...keeps the FDA inspection on track
JMO
Kiwi
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