What Causes Stagflation?

Growing Number Of Oil Tankers Successfully Sneak Through Hormuz, Shrinking Iran's Leverage One week ago we reported that "As Gulf States Plan Bypass Pipelines, US Military Is Quietly Helping Ships Cross Hormuz." We now have more evidence that, whether with or without a US escort, a growing number of ships are transiting Hormuz.  According to Bloomberg, off the coast of Oman over the weekend, 16 tankers clustered together to transfer millions of barrels of oil that had been stranded in the Persian Gulf. A month ago, that area had been entirely empty.  They’re part...

Trump: Holding Off 'Planned' Attack On Iran At Request Of Gulf Allies, 'Deal Will Be Made' Summary Trump says holding off on 'planned' Tuesday attack upon request of Gulf states. US denies earlier Tasnim report of agreeing to lift oil sanctions during talks; Trump tells NYP 'not open' to Iran concessions. Trump calls for Iran's total military surrender in Monday morning Truth Social post. Oil rebounds on Tasnim reporting Iranian denial: Tehran "under no circumstances" will negotiate nuclear issue as part of an end to the war. A flurry of (the somewhat typically-timed) Monday opener...

Master And Commander-In-Chief By Benjamin Picton, senior market strategist at Rabobank April – 2026. The IRGC is master of the Strait of Hormuz. Only the American fleet stands before them. Oceans are now battlefields. Financial markets are back in a risk-off mood today following news over the weekend that US-Iran peace talks ended without agreement and a statement by CENTCOM that the United States will be initiating its own blockade of the Strait of Hormuz from today. President Trump took to Truth Social to say that he has instructed US forces to...