🌐 Global Economy Aug 4, 2026 · Menzie Chinn

Oil Slumps on Expectations that Trump Surrenders: And That’s a Good Thing (Relatively Speaking)

Econbrowser
View Channel →
Oil Slumps on Expectations that Trump Surrenders: And That’s a Good Thing (Relatively Speaking)
Source ↗ 👁 5 💬 0
That’s the only way to think about it: We go from free navigation on the Strait of Hormuz on February 27 to de facto Iranian control on inbound shipping.

From NYT:

An arrangement with Iran to reopen the strait could come with a geopolitical cost for the United States. Iranian officials say they are designing the accord to ratify their capacity to control the strait and retain strategic leverage that they did not employ before the war.
Officials familiar with the emerging proposal have sa

Comments (0)

Sign in to join the discussion

More Like This

📰
Tuesday assorted links
Marginal REVOLUTION · 4h ago
What the Heck Is “Structural Excess Capacity”?
Econbrowser · 5h ago
BJ’s Wholesale Club to cut SKUs by 20%
Supply Chain Dive - Latest News · 5h ago
August Consumer Confidence Downside Surprise
Econbrowser · 6h ago
📰
AI and constitutions (from my email)
Marginal REVOLUTION · 6h ago
Crowley launches Central America-Port Houston ocean service
Supply Chain Dive - Latest News · 8h ago