Macro Point Of View

Choking the Lifelines: Why the Next Oil Shock Lies Beyond the Strait of Hormuz [MACRO ALERT]

The global energy market is currently treating systemic supply-chain vulnerabilities as isolated incidents. In our latest deep-dive on Substack, I

The weather is voting for scarcity and the grain balance sheets are listening. This week I dig into a global

The June truce is already dead: tankers hit in Hormuz, the June memorandum declared finished, and Brent climbing toward $80.

This week scarcity showed up right where consumers feel it. US coffee stocks fell for a 14th straight week (−55.8%

Brent is still holding above $70/bbl, but I don’t think it lasts. This week I dig into the growing gap

Cocoa is back above $5,000 a tonne: and in this quick 5-minute brief I break down exactly why, and why

📊 #ChartOfTheDay: sugar just broke up with crude. For most of the spring, sugar No. 11 and Brent moved almost

This week, the weather wrote the price action. Cocoa punched back above $5,000/t on ICE as heavy West African rain

This Week on MacroPOV: Crude Oil Macro Perspective Brent crude just closed the war gap — price is back in

The ceasefire broke after four days. The Strait of Hormuz closed again on June 20. Peace talks are continuing in