MacroVoices · Friday, September 25, 2026
According to reports, Iran has presented the United States with a one-week ultimatum to lift a military blockade, or face a resumption of asymmetric escalations. This news caused a spike in crude oil prices, with WTI crude rising significantly. Michael Every suggests this action was predictable given simultaneous reports of Saudi Arabia increasing oil shipments through the Strait of Hormuz, despite ongoing risks.
“Iran has essentially given the United States a one week ultimatum to either lift the military blockade or they will resume asymmetric escalations.”
“And that spiked crude oil this morning. Oh, I'm only looking at WTI. I don't have a Brent chart in front of me. But that first spike was a good three, three and a half dollars. Just on that news. It seems to me like this was kind of predictable.”
“It was predictable. Because you are also seeing stories at the same time that actually the Saudis are starting to follow the UAE's lead and had been successfully shuttling more and more oil through Hormuz, which of course is still seeing, you know, live firing.”