#Oil #Geopolitics #Iran #Israe #Markets

The Strait of Hormuz is now a U.S. naval cordon. Iran warns "no port in the Persian Gulf will be safe." Oil just blew past $100. Markets are repricing risk by the minute.

At 10am ET, CENTCOM began blocking all Iranian port traffic. Trump: "I don't care if Iran comes back." Iran calls it "illegal piracy."

IDF on high alert, preparing for possible war.

Trump slams Pope Leo XIV: "I'm not a fan."

Markets: Brent $103.47, WTI $105.63. Gold -2% to $4,650. Dow futures -500 pts. DXY at 1-week high.

IMF warns of reduced shock absorption. House adjourned, no war powers vote.

Bottom line: Risk-off. Watch oil & USD.