Excellent OilPrice Editorial Summarizing World Economic Situation

(12 March 2026) Here is an excellent editorial from oilprice.com that summarizes the whole global situation due to the closure of the Strait of Hormuz. I recommend you all read it.

As the author, Michael Kern, puts it, “Let me try to explain what this means for your wallet. And I’m warning you upfront: it’s a lot.”

Some of the major points:

1) Not just oil, but liquid natural gas (LNG) from Qatar, the largest LNG provider, is not being exported.

2) One-third of the world’s shipped fertilizer goes through the Strait and is not being exported. (This will contribute to the third horseman’s theme.)

3) Impacts such as inflation on food will lag the price action in oil and fertilizer by about six weeks. As the author writes, “The fertilizer that grows the food, the diesel that moves it, the plastic that packages it, the refrigeration that preserves it… all of it is downstream of this.” (More of the third horseman.)

4) 150 tankers are stuck outside the Persian Gulf, and 147 tankers are stuck inside the Persian Gulf. Insurance companies will not cover them, and shipping companies do not want to risk being hit.

5) Even with the Saudi’s eastern pipeline, we are still losing 15 million barrels per day globally. That’s one-and-a-half times the entire output of Russia.

The editorial than states the basic aim of Iran’s regime which rings true in light of the Second Signpost:

“Iran’s strategy is not to win militarily. It can’t. The strategy is to widen the conflict until the political costs become intolerable for everyone who isn’t Iran.”

Conclusions

After conditions become intolerable and the world can no longer do anything about the situation, and forced to accept higher oil prices, it may be then that the IRGC and Basij finally run out, per the Second Signpost.

The invasion to occur during the Second Signpost could still be days away if Iran rains fire and brimstone down on all oil facilities in the Middle East. More likely, this will be a war of attrition, and economics will degrade one day at a time over many weeks and maybe months.

I and others in contact with me find at this time an incredible resistance by the Church to even listen to the Signpost message. There seems to be a fog of euphoria as what the US is doing is fulfilling the Ezekiel 38 prophecy of what happens to Iran as we now “know” the Rapture could literally be any moment.

Talking and praying about it with brothers and sisters, it looks like what it comes down to is the Church will finally listen when it looks like the peace of mind (Greek: eirene, i-‘ray-nay) of the earth is literally being taken away by the second horseman. That is, maybe at a point in time in which in a week or two ahead of that time, families will see the writing on the wall and not be able to put food on the table before too long, that then they might listen.

As I wrote ten years ago in Daniel Revisited, chapter 10,

“Today most people throughout the world have a reasonable assurance they will be able to commute to work, earn a wage at a job, and put food on the table. With a spike in oil prices or a cut-off in oil exports from the Middle East, all these things become topics of concern. Since everything including food is moved by land and sea transportation that requires oil, the price of food and everything else will skyrocket.”

The key to loss of peace of mind and waking people up will be when the food stops being available due to supply chain issues, high cost issues, loss of jobs, etc.

What will worldwide and national conditions look like then? I don’t know. But this is becoming clearer: What I’ve written about for years is that loss of peace of mind will likely come down to putting food on the table or not.

Prepare yourselves. If this is the Second Signpost things will not get better, they will only get worse. As they said in the old westerns, “Git while the gittin’s good.”

Keep watching.



Categories: In The News, Signpost #2: Iran, World in the End Times

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