Hormuz Sanctions Make The Missing Protocol The Story
Treasury can sanction the strait authority, but ships still need rules nobody has filed.
Economy
Oil Relief Is Running Ahead Of Ship Passage Evidence
Markets can price deal optimism before insurers and shipowners have a working route.
Fed Hawks Inherit The War's Inflation Bill
Iran-war inflation makes the Fed story less about Trump pressure and more about energy pass-through.
China Markets Bet Trump's Iran Weakness Keeps Trade Quiet
Investors are treating Iran and Hormuz as variables in U.S.-China trade calm.