#Oil #Geopolitics #Iran #Israel #HormuzBlockade

Strait of Hormuz is now a U.S. naval cordon. Iran warns "no port will be safe." Oil above $100. Markets repricing fast.

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 with Iran.

Markets: WTI $105.63 (+9%), Brent $103.47. Gold fell 1.1% to $4,735 (dollar strength overrides safe haven). DXY at one-week high near 99.19. Dow futures -500 pts, S&P -0.57%, Nasdaq -0.65%.

IMF warning: Third global shock. EM growth cut from 4.0% to 3.65%. 45M more face food insecurity.

UK declines to join blockade.

Bottom line: Risk-off. Watch oil, USD, and Iran's next move.