Strait of Hormuz closed again. So much for that "peace deal" last week.

Trump & Israel playing 4D chess with this war. Oil supply routes getting choked = macro risk nobody's pricing in yet.

If this escalates, expect:

• Energy shock

• Flight to safe havens ($BTC could pump or dump depending on risk-off intensity)

• Supply chain chaos round 2

Markets acting like everything's fine. They're not.