The "Dual Blockade" is finally hitting the fan. Why the April 27th Islamabad failure changes everything.

I’ve been tracking the US-Iran situation since February, and today feels like the breaking point. With Brent Crude at $107, the market is finally pricing in a long-term closure of the Strait of Hormuz. The interesting part isn't the oil price, though—it’s the "Shadow Market" developing through Paki