Today's action portend breathtaking events. You've been given the SP - between now and the end of next month - for when things go tits up. Russia-Ukraine has become old hat, fewer and fewer people buy it's the real cause of them having to pay more for everything. Perhaps China attacking Taiwan or Israel versus Iran is the next scripted event.

The latter would provide the perfect pretext to close the Strait of Hormuz and send the oil price skyward. The mammoth Israeli Chariots of Fire military drill provides a clue that that scenario comes next.