(8 March 2026) I will keep a watch on the WTI price and the Strait of Hormuz over the next 25 days, or until the block is ended. The Second Signpost may have begun March 2.
The end of today, March 8, 2026 begins Day 9 of the 25-day stretch in which, if the Strait of Hormuz is closed for 25 consecutive days, it means economic depression across the world.
WTI price: Day 8 of 25
The WTI chart from oilprice.com shows WTI reaching $110 per barrel (and will likely be higher as the day goes by). It was $65 prior to the attack by the US, and it closed Friday afternoon at $91, a 40 percent jump from $65. The current price of $110 is a price jump of 21 percent from Friday afternoon.
Marinetraffic.com still shows the Strait of Hormuz as stopped up, as of today.
As the days tick by, the price will go parabolic. That is the nature of a commodity in great demand not coming close to meeting the supply.
Conclusion
The Second Signpost may very well have begun on March 2. The Strait is still blocked, and the price of oil is jumping.
And yet, most people I hear talk are either oblivious to the Strait being blocked, or think its no big deal, or think Trump won’t let it stay blocked.
Keep watch.
Categories: ALERT, In The News, Signpost #2: Iran
THE FOUR SIGNPOSTS 
Mark:
Are there oil exports from the southern side of the Arabian Peninsula facing the Indian Ocean and from the Red Sea Side?
Karl,
Yeah I shoudve named the post, no oil through the Strait. There is a little oil coming out of Oman on the Arabian Sea, and from Jiddah, but not much.