Oil prices rose about 5% after news broke that a

Oil prices rose about 5% after news broke that a Korean merchant ship was shot in Hormuz. Adding to the news that Iran shot missiles at U.S. patrol boats and battleships, U.S. markets fell, Dow fell more than 1%, but Nasdaq and S&P closed slightly lower as semiconductor stocks rose and Factory Order numbers were good.

The U.S. denies Iran's attacks. However, the UAE has come under missile attack from Iran. The news from the UAE reported that 'oil carrier belonging to the Abu Dhabi National Oil Company had been targeted and that the Fujairah petroleum export complex had both been attacked by Iran.' It appears that the UAE has defended its missiles well against Iran. A palace? Looks like a U.S. ship has been attacked????

Trump's "Project Freedom" plan, or the rescue of ships trapped in Hormuz, has sent a firm signal to the world that Iran will not allow it to break the current order. This is the most regrettable and regrettable thing that our cargo ship was attacked. Anyway, always free is not free.

It is quite chagrin that the U.S. interest rate has risen sharply due to rising oil prices and inflationary concerns. As we saw in yesterday's chapter and last Friday's chapter in the U.S., the belief is deeply rooted in the belief that the economy will develop as companies' capital spending increases, that is, as investment continues. However, people will still remain optimistic that both the S&P and our KOSPI will hit 8,000.

Of course, there are warnings from the other side. It is called Misplaced Euphoria and argues that people are walking into a recession unconsciously like sleepwalkers. It is argued that oil products, food, and transportation charges are rising due to rising oil prices, and that the impact will come out of the blue. We will have to see how much the interest rate on U.S. government bonds eventually rises because we are aware of inflation concerns. There will be no business ahead of rising bond rates...

Tonight we might hear another good news in the U.S. Perhaps we might have the good fortune to avoid yesterday's decline in the U.S. Just as Children's Day holiday gives dreams and hopes to children, we have a vague feeling that it will be a day of dreams and hopes for Jureen.

The book I'm reading these days is called Disorder. I'm writing about three frames that move the world, and the first part is oil, which is the hot issue these days. It's all about oil, the Middle East, and oil hegemony. I'm silly, and I'm learning a lot again. What's interesting is that during the first oil crisis in '73, Europe and the U.S. dealt with the Arab world and Israel at the same time, and they cursed and fought each other like they do now. History seems to repeat itself all the time. I've only read half of it, but it sounds like a good book.... Have a nice day.