Schrodinger's Strait, Schrodinger's Market

Bessent On Iran: "We Are Suffocating The Regime" Treasury Secretary Scott Bessent joined Fox News' Sunday Morning Futures with Maria Bartiromo to discuss how the Trump administration is "suffocating" Iran with economic and financial pressure amid an ongoing U.S. military blockade of the Hormuz chokepoint. "We are running a marathon over the past 12 months, and now we are sprinting toward the finish line"" Bessent told Bartiromo earlier this morning.  Bessent explained how the U.S. maximum pressure campaign on Tehran has become "a real economic blockade," claiming the regime is "not...

'Eliminating Energy Blockade Top Priority' As Cuba Confirms Direct Talks With US Cuba confirmed on April 20 that it recently held direct talks with U.S. officials in Havana, marking a rare diplomatic engagement as tensions persist over Washington’s long-standing economic restrictions on the communist nation. Alejandro Garcia del Toro, deputy director general for U.S. affairs at Cuba’s Ministry of Foreign Affairs, said in remarks published on April 20 by Cuban Communist Party newspaper Granma that discussions were underway. “This is a delicate matter which, as we have already said, we are handling...

The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking Authored by Kurt Cobb via Resource Insights, Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production. Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries. Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession. A priest, an engineer, and an economist are...