{"id":64275,"date":"2026-04-28T09:51:04","date_gmt":"2026-04-28T09:51:04","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=64275"},"modified":"2026-04-28T10:36:09","modified_gmt":"2026-04-28T10:36:09","slug":"the-sp-500-and-the-strait-of-hormuz","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/","title":{"rendered":"The S&#038;P 500 and the Strait of Hormuz"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Brent crude June &#8217;26 futures are testing resistance at $110 per barrel.<\/li>\n<li>The S&amp;P 500 indicates a bull market.<\/li>\n<li>However, the S&amp;P 1500 Containers &amp; Packaging Index ($X3BF) threatens a primary downtrend.<\/li>\n<li>The bond market is growing restless as the risk of fiscal dominance grows.<\/li>\n<\/ul>\n<hr \/>\n<p>Brent crude (June&#8217;26) futures are testing resistance at $110 per barrel, having climbed more than 20 percent from $90 per barrel on April 17. Peace talks, or rather talks about peace talks, have reached an impasse, triggering a sharp rise in crude prices as global markets face the prospect of lengthy supply shortages.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png?resize=525%2C306&#038;ssl=1\" alt=\"Brent Crude Futures (ICE June'26)\" width=\"525\" height=\"306\" \/><\/p>\n<p>Both the US and Iran believe they have the upper hand, and it will take time to force either party to capitulate. The effectiveness of the US blockade of Iranian ports will depend on the US Navy&#8217;s ability to interdict the estimated 160 million barrels of crude in tankers outside the Persian Gulf that Iran had built up ahead of the blockade.<\/p>\n<p>Physical shortages have so far been limited to Asian markets, with China absorbing most of the shortfall by drawing on its large reserves, estimated at 1.2-1.3 billion barrels. However, some Asian refiners have been forced to cut production runs due to shortages.<\/p>\n<p>Shortages in Europe have largely been met by increased purchases from the US, which is drawing from its roughly 400 million barrels in strategic petroleum reserves (SPR).<\/p>\n<p>Some rough arithmetic tells us that physical shortages will start to bite at the end of May, three months after the outbreak of the conflict:<\/p>\n<ul>\n<li>One month of crude shipments already on the water at the end of February.<\/li>\n<li>One month (400 million barrels) of IEA coordinated releases from reserves, excluding China.<\/li>\n<li>Another month (400 million barrels) of estimated drawdown from reserves by China before they reenter the market to replenish stockpiles at higher prices.<\/li>\n<\/ul>\n<p>A resumption of Chinese purchases would drive crude prices towards $200 per barrel.<\/p>\n<p>We expect GDP to contract in line with energy shortages, and a global crude oil shortfall of roughly 12 million barrels per day will likely trigger a global recession.<\/p>\n<p>Further releases from reserves are possible, but they will likely be far smaller and done in conjunction with IEA-coordinated measures to reduce consumption. Lower speed limits and petrol rationing are the obvious starting point. However, diesel shortages will directly affect mining, agriculture, and long-haul transport. Jet fuel prices are also skyrocketing, forcing the aviation industry to raise prices and cut flights.<\/p>\n<p>Secondary impacts from supply chain disruptions due to shortages of helium, sulfur, and fertilizers are expected to pose further challenges for the global economy. Helium is essential in the production of semiconductors. Sulfur is used extensively by the mining industry for refining copper, gold, and silver. Fertilizer shortages will restrict agricultural production, especially in emerging markets.<\/p>\n<p>Conflict in the Persian Gulf has had little impact on the S&amp;P 500 so far, but the Dow Jones Transportation Average plunged more than 13 percent last week.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" id=\"clickthrough\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-djt.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Transportation Average\" width=\"525\" height=\"404\" \/><\/p>\n<p>The S&amp;P 500 continues to signal a bull market, with a breakout above 7000, driven by strong first-quarter earnings. We expect the index to retrace to test its new support level.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>However, the Dow Jones Industrial Average has yet to break resistance at 50K to confirm the S&amp;P 500 bull signal. A reversal below 49K would suggest another correction.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-dow.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Industrial Average\" width=\"525\" height=\"404\" \/><\/p>\n<p>AI-driven spending is keeping the economy afloat, but the S&amp;P 1500 Containers &amp; Packaging Index ($X3BF) indicates that activity on Main Street is slowing. A fall below primary support at 285 would signal a primary downtrend.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-x3bf.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 1500 Containers &amp; Packaging Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>10-Year Treasury yields strengthened to above 4.3%, fueled by rising inflation expectations and widening fiscal deficits.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<p>The budget deficit is inordinately high relative to the low unemployment rate of 4.3% and is expected to rise further as the US government increases defense spending and onshores critical supply chains. Before the 2008 global financial crisis, the deficit as a percentage of GDP was typically kept below the unemployment rate, a sign of prudent fiscal management.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-deficit-u3.png?resize=525%2C372&#038;ssl=1\" alt=\"Federal Deficit &amp; Unemployment Rate\" width=\"525\" height=\"372\" \/><\/p>\n<p>However, Congress demonstrates little inclination to rein in spending. The bipartisan Congressional Budget Office (CBO) warns that federal debt held by the public will soon exceed its World War II high relative to GDP.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-25-cbo-debt-gdp.png?resize=525%2C350&#038;ssl=1\" alt=\"CBO Projections of Debt Held by the Public as a Percentage of GDP\" width=\"525\" height=\"350\" \/><\/p>\n<p>The likely outcome is fiscal dominance, where the Fed sacrifices its mandate for price stability to support a struggling Treasury market. High inflation and negative real interest rates seem inevitable.<\/p>\n<h2>Conclusion<\/h2>\n<p>We expect crude oil shortages to start restricting economic activity from the end of May. Further releases from reserves may delay an economic slowdown for a few more months, but the outcome is irreversible. Even a reopening of the Strait of Hormuz after the end of May would take time to offset the supply shortage and would be unlikely to avert a recession.<\/p>\n<p>The S&amp;P 500 signals a bull market, but investors should be cautious about treating this as a buy signal. A bear signal in transportation and containers &amp; packaging would strengthen the bull trap warning.<\/p>\n<p>Rising inflation and ballooning fiscal debt, with negative real interest rates, seem inevitable.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>CNBC: <a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\">Brent Crude ICE June&#8217;26 Futures<\/a><\/li>\n<li>CBO: <a href=\"https:\/\/www.cbo.gov\/publication\/62044\">The Long-Term Budget Outlook Data: 2026 to 2056<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Brent crude June &#8217;26 futures are testing resistance at $110 per barrel. The S&amp;P 500 indicates a bull market. However, the S&amp;P 1500 Containers &amp; Packaging Index ($X3BF) threatens a primary downtrend. The bond market is growing restless as the risk of fiscal dominance grows. Brent crude (June&#8217;26) futures are testing resistance at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The S&#038;P 500 and the Strait of Hormuz&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,3761,19,34],"tags":[69,7256,1113,1124,7270,7278,3010,7171],"class_list":["post-64275","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-gdp-and-activity","category-middle-east","category-us-canada-countries-regions","tag-10-year-treasury-yield","tag-brent-crude-futures-ice-june26","tag-dow-jones-industrial-average","tag-dow-jones-transportation-average","tag-iran-blockade","tag-sp-1500-containers-packaging-index","tag-sp-500","tag-strait-of-hormuz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The S&amp;P 500 and the Strait of Hormuz - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The S&amp;P 500 and the Strait of Hormuz - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Brent crude June &#8217;26 futures are testing resistance at $110 per barrel. The S&amp;P 500 indicates a bull market. However, the S&amp;P 1500 Containers &amp; Packaging Index ($X3BF) threatens a primary downtrend. The bond market is growing restless as the risk of fiscal dominance grows. 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The bond market is growing restless as the risk of fiscal dominance grows. Brent crude (June&#8217;26) futures are testing resistance at &hellip; Continue reading \"The S&#038;P 500 and the Strait of Hormuz\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2026-04-28T09:51:04+00:00","article_modified_time":"2026-04-28T10:36:09+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"The S&#038;P 500 and the Strait of Hormuz","datePublished":"2026-04-28T09:51:04+00:00","dateModified":"2026-04-28T10:36:09+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/"},"wordCount":851,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png","keywords":["10-Year Treasury Yield","Brent Crude Futures (ICE June'26)","Dow Jones Industrial Average","Dow Jones Transportation Average","Iran Blockade","S&amp;P 1500 Containers &amp; Packaging Index","S&amp;P 500","Strait of Hormuz"],"articleSection":["Crude Oil &amp; Natural Gas","GDP and Activity","Middle East","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/","name":"The S&P 500 and the Strait of Hormuz - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png","datePublished":"2026-04-28T09:51:04+00:00","dateModified":"2026-04-28T10:36:09+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent2.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/28\/the-sp-500-and-the-strait-of-hormuz\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"The S&#038;P 500 and the Strait of Hormuz"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-gIH","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":64224,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/23\/rising-crude-is-bearish-for-gold\/","url_meta":{"origin":64275,"position":0},"title":"Rising Crude is Bearish for Gold","author":"Colin Twiggs","date":"April 23, 2026","format":false,"excerpt":"Key Points Brent crude futures (June'26) rose to $103.68 per barrel. The S&P 500 reached a new high. However, the bull signal has not been confirmed by the Dow and the S&P 1500 Transportation Index. The Fed has injected $170 billion of liquidity into financial markets since December 2025. 10-year\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude Futures (ICE June'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-22-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-22-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-22-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63983,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/31\/financial-markets-tighten-as-tankers-burn\/","url_meta":{"origin":64275,"position":1},"title":"Financial Markets Tighten as Tankers Burn","author":"Colin Twiggs","date":"March 31, 2026","format":false,"excerpt":"Key Points Iran attacked a fully loaded oil tanker off Dubai in the Persian Gulf, setting it ablaze. Brent crude futures (May'26) are testing resistance at $115 per barrel. Financial market liquidity is tightening, with credit spreads widening. The US Dollar strengthened to 100.5. TEL AVIV\/WASHINGTON, March 31 (Reuters) -\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Brent Crude Futures (ICE May'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-30-brent4.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63970,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/28\/dow-signals-a-bear-market\/","url_meta":{"origin":64275,"position":2},"title":"Dow Signals a Bear Market","author":"Colin Twiggs","date":"March 28, 2026","format":false,"excerpt":"Key Points Intelligence sources say Iran's missile and drone arsenal is not depleted. Brent crude futures rose to $114.27 per barrel. The Dow Jones Industrial Average joined the S&P 500 in signaling a bear market. WASHINGTON, March 27 (Reuters) - The United States can only determine with certainty that it\u2026","rel":"","context":"In &quot;Cryptocurrency&quot;","block_context":{"text":"Cryptocurrency","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/cryptocurrency\/"},"img":{"alt_text":"Brent Crude Futures (ICE May'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-27-brent.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-27-brent.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-27-brent.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63855,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/13\/iran-strait-of-hormuz-must-remain-closed\/","url_meta":{"origin":64275,"position":3},"title":"Iran says Strait of Hormuz must remain closed","author":"Colin Twiggs","date":"March 13, 2026","format":false,"excerpt":"Key Points Iran indicates it will keep the Strait of Hormuz closed. Brent crude futures test resistance at $100 per barrel. The S&P 500 broke support at 6700. Iran's new supreme leader, Mojtaba Khamenei, said Thursday that the closure of the Strait of Hormuz maritime passage should be continued as\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Brent Crude Futures (ICE May'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-12-brent3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-12-brent3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-12-brent3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":64263,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/27\/crude-rises-as-peace-talks-stall\/","url_meta":{"origin":64275,"position":4},"title":"Crude Rises as Peace Talks Stall","author":"Colin Twiggs","date":"April 27, 2026","format":false,"excerpt":"Key Points Brent crude futures rise to $107.88 per barrel at 8:40 am BST. Iran's Parliament Speaker Ghalibaf has withdrawn from the negotiating team. President Trump calls off negotiations with Iran. The US blockade is \"going global,\" according to Secretary of War Pete Hegseth.","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Brent Crude Futures (ICE June'26)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent-jun26.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent-jun26.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-04-27-brent-jun26.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63987,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/04\/01\/april-fools-day\/","url_meta":{"origin":64275,"position":5},"title":"April Fools Day","author":"Colin Twiggs","date":"April 1, 2026","format":false,"excerpt":"Key Points President Trump says, \"We'll be leaving very soon.\" Crude oil futures plunged to test support at $100 per barrel. The S&P 500 jumped 2.9%, testing resistance at 6550. Gold broke resistance at $4,600 per ounce. Crude oil prices plunged, and stocks and gold rallied on President Trump's hint\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-31-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-31-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-31-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=64275"}],"version-history":[{"count":5,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64275\/revisions"}],"predecessor-version":[{"id":64280,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64275\/revisions\/64280"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=64275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=64275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=64275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}