Geo Chen
· Fidenza Macro
· March 11, 2026 at 03:22
· ⏱ 4 min read
| Read on Substack ↗
Summary
The author discusses the ongoing conflict in Iran as the primary market focus, highlighting the potential for a prolonged closure of the Strait of Hormuz. This geopolitical tension is causing significant volatility in oil prices, as demonstrated by a sharp swing in Brent crude following a quickly deleted tweet from the US energy secretary.
•The war in Iran is the singular focus for markets, sidelining other factors like economic data and AI.
•Iranian mine-laying boats in the Strait of Hormuz suggest a potential for a long-term supply disruption.
•Oil markets are extremely volatile and sensitive to news, with Brent crude swinging $10 based on a single, subsequently deleted, official tweet about a tanker escort.