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Iran

Trump just put a 20% toll on the world's most important shipping lane. That is not a negotiating tactic. That is a new cost of doing business.

Brent crude hit $83. The blockade restarts tomorrow at 4 PM. Markets priced a July Fed hike at 50% for the first time. Iran's new supreme leader has not been seen in public since his father's funeral ended. And tomorrow CPI, four bank earnings, and Warsh's testimony all land before noon.
13 Jul 2026 5 min read
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