Syz the moment

33 projectiles were fired at the UAE on March 9, down from ~350 on each of the first two days. 3 likely reasons: 1 )Iran may be shifting to an attritional strategy after proving it can turn the Gulf into a live fire zone. 2) Stronger air defenses across the Gulf are reducing the effectiveness. 3) Iran needs to preserve its missile and drone stockpiles if this becomes a prolonged war. Source: Bloomberg, Global Markets Investor

ONLY 1,000,000 BITCOIN LEFT TO MINE FOR THE NEXT 114 YEARS 🤯 Source: Vivek

xcluding the period when the world was in lockdown while Corona, yesterday marked the largest intraday trading range in history for front-month crude WTI. Source: Bloomberg, HolgerZ

Despite promises of escalation “20× harder,” the military campaign against Iran has already been intense, with 3,000 targets struck, most air defenses degraded, and dozens of warships sunk. Further escalation would likely target civilian infrastructure. However, this would not reopen the Strait of Hormuz, whose closure stems from insurance withdrawals under Solvency II. Shipping remains constrained until insurers’ risk models normalize, regardless of military outcomes. Source: Shanaka Anslem Perera on X

The main risk to global oil markets is now insurance, not just conflict. On 5 March, seven London P&I clubs suspended war-risk coverage for ships in the Strait of Hormuz due to rising capital requirements under Solvency II. Even if fighting stops, insurers need 12–24 months of stable data before restoring coverage, leaving about 20% of global seaborne crude trade constrained and keeping oil prices elevated. Source: Shanaka Anslem Perera (@shanaka86) on X

The Strait of Hormuz is the world’s most critical energy passage. Daily, about 100 cargo vessels transit the strait, carrying around 20% of global oil consumption, 27% of seaborne oil trade, and 20% of global LNG. Asia is the most exposed, receiving 89% of crude and 83% of LNG shipments, while the U.S. imports only about 7% via the strait. Any closure could trigger a major global energy disruption. Source: Visual Capitalist, Global Markets Investor

Source: Brian Sozzi @BrianSozzi Goldman Sachs

Alif Hossain @alifcoder