Elon Basket

Forget supercars, rent a supertanker if you want to flex! 🚢 Freight rates soared 40% in the first week of October alone, topping $1.4 million per day on the Gulf to East Asia trip as the Iran war reshuffles routes. 🤯

Draining the last reserves to solve a squeeze is peak market logic 😭 The International Energy Agency is releasing another 100 million barrels of diesel, gasoline, and crude oil (part of a 400 million plan from March), but storage is emptying.