In the smoky lobby of the world economy, oil prices surge like a stage fire while BitMine’s Tom Lee proclaims that equities may have already bottomed, a sunny forecast that would make the devil himself check his calendar for a recession.
Meanwhile, global markets flicker with contradictory signals as geopolitical tensions tighten around the Strait of Hormuz, that narrow throat where the world’s appetite coughs and pretends to be virtuous.
Oil Breaks Higher as Supply Risks Intensify
Crude markets have surged past the $100 mark, with WTI and Brent ascending in unison with refined products like heating oil. Analysts speak of structural disruption wearing a party hat, not just a flash in the pan.
As I warned earlier… oil has confirmed the shift this morning
WTI +6.8% → $103
Brent +6.4% → $101
Heating oil +7.8% leadingThat’s no mere spike of chance
What stands out is why
Hormuz isn’t just blocked
it’s practically unusable right now• no map of the labyrinth…
– Kyledoops (@kyledoops) April 13, 2026
The absence of clear routes and the time needed to secure shipping lanes suggest a prolonged disruption, not a one-night stand with fate.
Macron and Starmer Mobilize Global Response
As markets tremble, the political theatre accelerates: Emmanuel Macron calls for a rapid diplomatic resolution, a performance aimed at restoring safe passage through Hormuz with all the pomp of a grand salon while hoping for real results.
No effort must be spared to swiftly reach, through diplomacy, a strong and lasting settlement to the conflict in the Middle East.
Such a settlement should provide the region with a sturdy framework so that all may live in peace and security…
– Emmanuel Macron (@EmmanuelMacron) April 13, 2026
Meanwhile, Keir Starmer unveils a chorus of cooperation: more than 40 nations are coordinating to safeguard global shipping.
The United Kingdom and France are sketching a joint summit to deploy a multinational mission that would make the seas behave themselves, or at least pretend to.
The ongoing closure of the Strait of Hormuz is deeply damaging. Restoring global shipping is vital to ease living costs.
Britain has convened more than 40 nations who share our aim to restore freedom of navigation.
This week the UK and France will co-host a…
– Keir Starmer (@Keir_Starmer) April 13, 2026
These developments reveal the scale of disruption, with global trade and energy chains walking a tightrope above a pit of uncertainty.
Tom Lee’s Market Call Faces Macro Reality
Despite the rising tension, Tom Lee offers a contrastive weather vane: oil prices remain below recent peaks even as geopolitical risk climbs, a stubborn mood of heaviness in crude that hints the market isn’t pricing worst-case scenarios with due ceremony.
He argues that this dynamic, coupled with resilient equities, could mean a bottom is forming, a silver lining tucked inside a black velvet curtain.
“Talks between the US and Iran do not yield an agreement – a setback – yet WTI futures sit about $15 below the recent peak. Oil is acting ‘heavy’ (not climbing despite factors argue for higher). More signs equities have bottomed,” he said.
But the chorus of warnings from other analysts and policymakers about prolonged instability persists, like a chorus that refuses to leave the stage.
The stakes rise for crypto investors as, historically, digital assets react to macro stress with a peculiar mix of courage and nerves. Energy repricing and geopolitical choreography pull crypto into the broader sea of liquidity and risk sentiment.
Traders watch whether Bitcoin and its cousins ride the wave higher with equities or vanish into the fog of escalating global unease.
“This market is saying, if the bond market doesn’t mind it, then I don’t mind it, as per the note I sent this weekend to club members,” Jim Cramer observed.
As diplomacy races the clock, the clash between Tom Lee’s sunny forecast and geopolitical reality becomes the most showy subplot for investors with a taste for drama and a fear of coffee prices.
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2026-04-13 15:01