Hormuz Shutdown Threat Sends Oil Into Chaos — And the SpaceX IPO Hype Machine Just Got Louder
As US-Iran tensions threaten the world's most critical oil chokepoint, social sentiment is split between panic-buying energy and FOMO-buying SpaceX hype
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The Middle East is genuinely on fire right now — and not metaphorically. Iran's Revolutionary Guards are threatening to close the Strait of Hormuz if Trump follows through on energy facility strikes, Saudi Aramco's CEO just quietly bailed on a major international energy conference, and Treasury Secretary Bessent casually told the world the US has 'plenty of funds for Iran war.' Cool, cool, totally normal Monday morning.
Oil is whipsawing like a caffeinated day trader — caught between war-premium spikes and the prospect of eased Iran sanctions actually flooding supply back into the market. Meanwhile, a Bloomberg Podcast notes gold is down 17% from its late January high but still up 4% YTD, now officially overtaking US bonds as the world's favorite investment according to central bank buying data. The jeremiah babe YouTube channel is screaming about artificially suppressed oil that 'should be at $150' — which, okay, but the Fundstrat crew sees crude actually breaking down to $60. Someone is going to be very right and very rich.
And somewhere in this geopolitical dumpster fire, the internet is also losing its mind over SpaceX targeting a June 12th IPO at a $1.8 trillion valuation — with Nasdaq's new 15-day fast-entry rule meaning passive funds holding $IVV, $QQQ, and $VTI will basically be force-fed the stock whether they like it or not. History doesn't repeat, but it does rhyme — and this one's rhyming loudly with Facebook's 2012 chaos.