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Weekly Economic Report 4.17.26

  • Apr 20
  • 1 min read

Clearly, the most important economic signal in the world economy is whether the Straits of Hormuz is open or not. On Friday, the President jawboned markets higher and oil lower by declaring the Straits open and said negotiations were proceeding well. On Saturday, Iran declared the Straits closed, as long as the US blockade continued, and many ships turned around. Both sides are negotiating in the Press, but reality for the moment is no energy products were moving this weekend -- including Iranian oil headed to China.































































 
 
 

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