Brett Witkowski breaks down the latest developments surrounding the ongoing situation in the Strait of Hormuz on this Weekly Update.

We’ve recently hit our 50-day mark and are now in watch mode on the 200-day moving average. One encouraging sign is that the 200-day moving average continues to trend upward.

The Strait of Hormuz remains closed for a second consecutive week, adding to growing global tension. President Trump is escalating involvement in Iran, as the situation becomes increasingly volatile and concerning.

Market disruption is beginning to take shape, particularly with PPI and oil. Inflationary pressure is building, and gas prices have already started to rise. These elevated levels are likely to persist as long as the Strait of Hormuz remains closed.