Maybe, only because this market likes to pump on meaningless TV victories.
If US “takes” Kharg island what are they gonna do with it? Best they can do is prevent Iran from using it, but in the meantime the troops and any re-supply vehicles would be sitting ducks for drones.
Also in the meantime Iran is gonna hit more gulf oil infrastructure in retaliation.
Before:
1. Gulf monarchs sell oil in exchange for US dollars
2. Gulf monarchs invest dollars in private credit firms
3. Private credit firms build AI datacenters
4. American tech stocks go up
Now:
1. Gulf monarchs can't sell oil
2. Gulf monarchs cash out investments in private credit firms
I wonder what happens next?
This conflict taught me two thing:
* Qatari king has three wives
* all the Gulf state sovereign wealth funds are probably as regarded as, arguably more regarded than, the 80% ASTS 20% RKLB ports you see in low effort "rate my portfolio" reddit posts