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MONThe Strait of Hormuz WEDThe Federal Reserve FRIWhy Gold Keeps Rising MONWhat is Stagflation? WEDThe US Dollar's Dominance FRIChina's Economic Slowdown MONYield Curves Explained WEDThe Bank of Japan's Pivot FRIOil Prices & Your Wallet MONThe Strait of Hormuz WEDThe Federal Reserve FRIWhy Gold Keeps Rising MONWhat is Stagflation? WEDThe US Dollar's Dominance FRIChina's Economic Slowdown MONYield Curves Explained WEDThe Bank of Japan's Pivot FRIOil Prices & Your Wallet
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MON · MAR 30, 2026
Today's topic
The World's Most Dangerous Chokepoint
Why a 21-mile gap between Iran and Oman is shaking the entire global economy — and what it means for your gas prices this summer.
Daily oil flow
20M bbl
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From oil chokepoints to food crises, central banks to semiconductors — one connected curriculum in global economics. Start anywhere. Understand everything.

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Issue #004 · Apr 5
The Economic Monster That Broke the 1970s Is Back
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Issue #003 · Apr 2
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Issue #002 · Mar 31
The Most Powerful Person in the American Economy You Never Voted For
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Issue #001 · Mar 30
The World's Most Dangerous Chokepoint
Why a 21-mile gap between Iran and Oman is shaking the entire global economy.
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MWF Macro
Issue #001 · Mon Mar 30, 2026

The World's Most Dangerous Chokepoint

Imagine a garden hose that carries 20% of the world's oil. Now imagine someone stepped on it. That's essentially what's happening right now in the Strait of Hormuz — a narrow waterway between Iran and Oman that is, quite literally, the jugular vein of global energy.

This isn't the first time the strait threatened the world economy. In 1973, the Arab oil embargo quadrupled prices in months. Americans sat in gas lines for hours. The economy fell into recession. Today's disruption is being compared to that moment — but the scale is larger.

Gas prices above $4/gallon. Fertilizer costs up 43%, meaning higher food prices in 3–6 months. Airlines, manufacturers, and consumer companies all under pressure. The macro read: if the strait stays closed through April, recession risk rises sharply.

The number to know
$2,000,000

Next issue — Wednesday

What is the Fed, and why does it keep saying "higher for longer"?
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