WTI at $90.9 and Brent up 31% this week signal a Hormuz closure that markets are underpricing: the VIX at 29.49 implies quick resolution, China’s 4.5–5% growth target absorbs an energy shock onto a $2.5 trillion housing overhang, February payrolls printed -92,000 as ISM prices hit 70.5, and Treasury Secretary Bessent announced Russian oil sanctions reli…
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