Jay Kuo wrote about oil: "Brent crude is currently trading above $108 a barrel. Consumers are paying roughly 40 percent more at the pump than they were on Feb. 28, the day the U.S. and Israel began the war on Iran. Iran and its proxies now hold meaningful leverage over two of the world’s major oil chokepoints at once: the Strait of Hormuz on one side of the Arabian Peninsula and the Bab el-Mandeb on the other. Our strategic position is worsening the longer it drags on": https://statuskuo.substack.com/p/we-warned-about-the-gate-of-tears