MICEX Intermarket News
Close-Ups: The Brent Strike
US Freedom of Navigation Claims Subjugate Oil Prices
SF Bay Area, CA – Increasingly, the US and its allies declare that its military pivot to Asia illustrates global demand for freedom to navigate through sovereign territory such as the Taiwan Strait, the South China Sea and the Strait of Hormuz in the Persian Gulf.
Meanwhile, the US continues to subjugate oil prices with military threats, economic sanctions and near-zero interest rates on T-bills. Moreover, US proxy wars in Syria, Iraq and Afghanistan place a tremendous strain on rising oil prices as US freedom to navigate claims reflect
an endless fight for national sovereignty. Furthermore, subjugated oil prices has created an international crisis of national sovereignty as the sovereign debt crisis led by the US accelerates out of control.
Emphatically, China's Ministry of National Defense spokesperson Ren Guoqiang stated, "China resolutely opposes any country taking such freedom as a pretext to conduct illegal and provocative moves in the South China Sea, undermining sovereignty and security of littoral countries, and doing harm to regional peace and stability."
Psychologically, the US is expanding the crisis of national sovereignty to the Persian Gulf from Asia with threats of war against Iran. Foolishly, US President Donald Trump has targeted to alleviate Iran's oil market in hopes that US foreign investments will replace Iran's state-owned revenues. Prudently, Iran is preparing to end the
US freedom of navigation claims with appropriate military action in the Persian Gulf, Indian Ocean and the Atlantic Ocean. Keenly, Iran is able to destablize US trade in Latin America over bogus sanctions and from the withdrawal of Iran Nuclear Deal. Hence, Iran must diligently advance its Navy to negotiate new trade deals in Latin America as
US tensions increase with troop deployments to Iraq.