🇺🇸📉📈🛢 - The Head of the CME Exchange, where US oil futures trade, warned that US Government intervention in the oil market could result in a 'biblical disaster', as recent volatility prompted many traders to suspect that the Trump administration is manipulating oil price.

➡ On Monday, the 9th of March, oil briefly skyrocketed to $120 a barrel before ending the day below $100, with many irregular, large transactions behind the violent move.

➡ On Wednesday, the 11th of March, US Secretary of Energy Chris Wright falsely tweeted that the US successfully escorted an oil tanker through the strait of Hormuz. Oil price plunged over 10% as a reaction before recovering all the loss and trade higher on the day after the tweet was deleted.

➡ On Monday, the 16th of March, President Trump claimed a coalition to lift the Hormuz blockade is being assembled, sending oil price down ~7% initially. This is despite several foreign governments rejecting participation in such a coalition.

With the midterm election coming up, the Trump administration and Congress Republicans are under tremendous pressure to manage the affordability crisis. Despite the alleged attempts of intervention, oil price is almost 50% higher today than it was before the war began.

#NEW
⚡️🇱🇧🇱🇧❌🇮🇱 - Hezbollah published footage of the targeting of an IDF "Merkava IV(M)" Tank's main hatch near 'Merkaba', southern Lebanon using an "ALMAS-1" NLOS ATGM on the 8th of March.

Interestingly, the Trophy APS countermeasure rotates to the direction of the missile when it was ~30-40 meters away, indicating detection. However, it failed to intercept, indicated by the lack of smoke launch, for several reasons, including the fact that the hatch was open, and late detection due to steep angling.

📍 Coordinates:

33.217646, 35.522934