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Brian Sullivan: Uncertainty surrounds blockade impact as Iranian and China-bound tankers dominate

Brian Sullivan: Uncertainty surrounds blockade impact as Iranian and China-bound tankers dominate
Blockade uncertainty as China, Iran lead

Brian Sullivan raises questions about what a potential blockade will mean in the immediate future. According to Sullivan, most of the oil tankers departing recently have either been Iranian vessels or are carrying fuel destined for China.

Sullivan suggests the main objective might be to pressure China into engaging and also to press Iran. He also highlights that oil futures are set to open at 6 p.m. ET, signaling potential market reactions.

Sullivan has recently commented on the mechanics of the futures market and contract roll dynamics. He also noted that several S&P 500 stocks surged over 10 percent since Monday. These observations come as markets await the potential impact of a blockade on futures trading.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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