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Listen to the April 2026 Market Observer
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The financial and energy markets have run aground in the Strait of Hormuz. We and most knowledgeable experts had no idea that the perceived acclaim, ease and success of Trump’s Venezuelan adventure would lure him into trying his hand at Iran again. Our worries about eventual tariff driven inflation now seem quaint compared to what is going on with Iran’s blocking of the Strait of Hormuz and the damage to the oil industry in the Middle East, neither of which seemed considered in potential Iranian responses to the attack by the U.S. and Israeli militaries.
Read the full Market Observer here.
SOURCES
- Source: rev. (2026, January 6). Trump speaks after US strikes Venezuela and Captures Maduro.
- Source: Faucon, Benoit. (2026, April 12). The U.S. Sank One of Iran’s Navies. The Other Still Controls Hormuz.
- Source: Leary, Alex. (2026, April 12). Trump Says Oil Prices May Be ‘a Little Bit Higher’
- Source: Reuters. (April 6, 2026). US service sector cools in March; price paid measure highest in 3-1/2 years
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