The news. The narrative. The timeline.
Goldman closed the hexagon with a $315M reserve build and every major U.S. bank is now telling the same war story in two columns — profit and fear.
Brent at $98.05, WTI at $93.40, both down Friday morning after reversing up Thursday — four days, four directions, and the blockade's price is now headline-dependent.
Delhi bought from Moscow, Tehran and Riyadh in the same month and Washington's sanctions architecture finally noticed on April 11.
A labor market where nobody is hiring but nobody is being fired yet — that is the condition before the inflection.
The war's largest single business is the firm that packages the war's volatility back to the investors creating it.
Oil and equities are pricing a ceasefire while gold at $4,791 is pricing the war that is still actually happening.
When a central bank's field notes lead with a foreign war, the economy in the report is not the economy on the front page.
Rachel Reeves led eleven finance ministers to back safe passage through Hormuz while three G7 capitals whose banks profited most from the war did not sign.