UPDATE:

Oil is already close to 88$.. WTF.

Ormuz is closed, middle East oil production can't sustain this level of crisis, ships blocked, oil stock reserves are being filled fully, and after that only option is interrupting extraction.. that is so bad for so many things in market we can't even understand.. think just about Propylene for example.

The 90$ prediction for March now looks bearish and optimistic now. Insane..