Oil prices briefly kissed $120 as markets threw a tantrum over reports of an 'extended' Iran blockade, because nothing says 'stable energy policy' like geopolitical brinksmanship in the world's favorite shipping chokepoint. Crude oil continues its emotional roller coaster ride, proving once again that global energy markets have the emotional stability of a caffeinated teenager.
Breaking
Two vessels reportedly came under attack near the strait while the U.S. maintains its blockade on Iranian ports, turning one of the world's busiest shipping lanes into an increasingly expensive game of maritime chicken. The British naval agency's dry report fails to capture the delicious irony of trying to keep global trade flowing while simultaneously throttling it.
World
The Supreme Court justices will spend today pondering Trump's plan to yank humanitarian protections from hundreds of thousands of Haitian and Syrian migrants, because apparently the court's docket wasn't depressing enough already. Nothing quite says 'judicial review' like deciding the fate of people fleeing countries that make a Kafka novel look optimistic.
World