I saw a post this week about the US potentially insuring or escorting tankers in “the Gulf” and I genuinely wasn't sure if it was in the Middle East or the Caribbean. Interesting times we live in.
The supply chain is fragile. We saw this during COVID times. I hope we do not see a similar scale of supply chain snarls due to conflict in the Middle East. The impact on consumer prices was painful last time around. That could be a source of friction for the easing interest rate environment that Trump and Warsh aim to kick off shortly.