Iran Threatens Retaliation If US Carrier Returns To Persian Gulf, Where 5th Navy Is Stationed
"Iran will take action if a U.S. aircraft carrier which left the area because of Iranian naval exercises returns to the Gulf, the state news agency quoted army chief Ataollah Salehi as saying on Tuesday. "Iran will not repeat its warning ... the enemy's carrier has been moved to the Sea of Oman because of our drill. I recommend and emphasise to the American carrier not to return to the Persian Gulf," Salehi told IRNA." Which is interesting because considering that the 5th Navy is stationed in Bahrain, i.e., deep in the Gulf, there is no way that the Stennis or other carriers will not come back, meaning what is likely the terminal escalation has now been set in motion.
Watch for VXX to INSTANTLY DOUBLE when the fighting breaks out.
Sure, I'll weigh in. You're correct, the President, Congress, and everyone else including the markets just brush off Iran like it's nothing.
Meanwhile oil is $103, and there's a real danger of a geo-political event. As usual, the US is not pro-active, they're reactive.
Any shock or exogenous event will spike VXX with a huge gap up. Yes, the markets are manipulated, but as usual, the SEC is behind the curve....and yet you may know that Congress is above the law when it comes to insider trading.