THE STRAITS OF HORMUZ TURNS INTO DIRE STRAITS FOR THE WORLD ECONOMY.
April 19, 2026 3 Comments
I was going to wait for the markets to open on Monday to analyse the effect of a closed Straits of Hormuz on the oil and stock markets. But in this war there have been so many sudden moves that it is impossible to say whether or not the Straits will still be closed by the time the markets open on Monday. But if the Straits remain closed there is going to be a bloodbath on the international markets, a salutary lesson for all those speculators jumping on the wagon to make an early buck based on rumour even if that rumour comes from the President.
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