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"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn

"Bit Of Chaos": Hormuz Shuts Agains As Ships Make U-Turn The Trump administration’s "baffle 'em with bullshit" methodology has been on full display, as the reopening of the Hormuz chokepoint on Friday drove a broad risk-on in markets: US equities soared, crude collapsed, and Treasury yields declined, based on the assumption that disruption to global energy flows had eased. However, as of early Saturday morning, those moves may prove premature. The Wall Street Journal reports that the world’s most important maritime chokepoint is once again closed to commercial transit. About 20 ships...
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May 15, 2026 / Tyler Durden
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Apr 17, 2026 / Tyler Durden
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Aug 17, 2026 / Tyler Durden
Fake News, Part I: The Long History
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