69 Days That Closed the Strait of Hormuz: How $138 Brent, +38% Diesel and 3.3% US CPI Got Made

Strait of Hormus may stay closed indefinitely - Iran plans it to become a permanent law

The Strait of Hormuz is 21 nautical miles wide at its narrowest point. For 69 days now, it has been effectively closed to commercial transit, and almost every dollar-denominated price you care about …