Here's Why Trump's Hormuz Blockade Should Stoke 'Strait Chaos' For China

Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan Via The Cradle Iran is considering allowing a "limited number" of oil tankers to pass through the Strait of Hormuz on the condition that the oil cargo is traded in Chinese yuan, CNN has reported. A senior Iranian official told the US news outlet that Tehran is working on a new plan to manage tanker traffic through the strategic waterway on Iran’s southern coast. via Associated Press Iran has effectively sealed off the strait, allowing only its own and Chinese ships to...

What If Warsh Shocks The Market And Keeps Rates On Hold Ahead of today's FOMC announcement at 2pm, the prevailing consensus is that Warsh will raise rates but he doesn't need to, as tariff inflation is now fading fast, the bulk of headline inflation is driven by one-time supply shocks from the Iran war which the Fed is powerless to fix, and the upcoming change to the PCE methodology will trim the YoY print by about 0.3%, suggesting that the Fed will be hiking at a time when core inflation...

Is California Reaching Critical Mass? Authored by Victor Davis Hanson via American Greatness, By any measure, California is a failed state—and a national embarrassment. Taxes? It has the highest income and gas taxes in the nation. Roads? A Reason Foundation survey ranks it 49th among the states. Mass flight? Between 250,000 and 350,000 more Californians leave the state than move in each year. Housing, gas, insurance, and electricity prices? The highest in the continental U.S. Illegal aliens, the poor, the homeless, the foreign-born, and welfare recipients? The largest numbers in the U.S. Public K–12 schools? Test...