Yesterday’s News 2026 03 24

curated news excerpts & citations

ships on fire

James Eagle: When an oil chokepoint stops the world

War has a way of cutting through economic narratives.

For months, markets have been telling a comfortable story. Energy shocks were behind us. Supply chains had adapted. Prices had settled. But that story only holds in peacetime, or something close to it.

The escalation in the Middle East changes the frame entirely. The sudden halt in traffic through the Strait of Hormuz is not a market adjustment, it is a wartime constraint. When a critical artery for global oil and gas effectively shuts, the system does not bend, it snaps.


Tanker traffic in Strait of Hormuz


                                                                      (James Eagle more…)

Borowitz: Trump Says Intelligence Played No Role in His Decision to Start War

Paul Krugman: When Hyperglobalization Meets Chaos

Choke points are everywhere you look

Lucian K. Truscott IV: Who gets a vote about how this war ends?


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