π₯ The strait is closed. Markets donβt care (yet) π§
Author Takes
Iran conflict resolution
Markets expect peace deal sooner rather than later with pent-up bullish action to be released
Oil supply shock
Economic impact may take six to nine months to fully play out with significant demand destruction required
More from Milk Road Macro
π₯ Energy and compute scarcity are letting the bulls run wild π
The Strait of Hormuz remains closed, pushing Brent Crude to $109/barrel with Goldman Sachs warning of $140/barrel by July if unresolved. The U.S. gove
π₯ S&P 7,100, Oil drought, and a $3T bond bet π°
Markets continue rallying despite growing inflation risks, with the S&P 500 breaking through 7,100 and Bank of America declaring a 'bubble-like regime
π₯ What does the war mean for the U.S. economy? πΊπΈ
The newsletter analyzes the economic impact of the Iran war on the US economy, focusing on wartime labor market data for March 2026. Despite energy pr