The most dangerous weapon at sea is not a missile, submarine, or aircraft carrier.
Naval mines cheap, hard to detect, and highly effective are a major threat to shipping, especially around the Strait of Hormuz. Types include drifting, contact, moored, influence, bottom, self-burying, and rising torpedo mines. Even a few mines can disrupt global trade by making critical sea routes too dangerous for vessels to cross. Source: Rand Group on X
WAR AND EQUITY MARKETS - THE LONG VIEW
Source: Charlie Biello
Is it the most important chart to consider right now?
Source: BofA
Markets May Be Shifting From Digital Leaders to Real Assets
In 2026, market leadership is shifting from AI-focused mega-cap tech to the physical economy powering it, including semiconductors, materials, and energy infrastructure. Geopolitical shocks, rising oil, and resource demand highlight underinvested real assets. This could mark a structural rotation from paper assets toward tangible resources essential for AI, electrification, and reindustrialization. Source: Crypto Rover
Iran's strikes on the UAE are fading:
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
Everyone is talking about the war.
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 Anatomy of a Claude prompt
Alif Hossain @alifcoder
South Korea and Taiwan imposed fuel price caps to shield their economies from rising oil costs after the Middle East conflict.
South Korean President Lee Jae Myung announced a maximum price system for petroleum, the first in nearly 30 years, and pledged to seek alternative energy sources beyond the Strait of Hormuz. Taiwan set a weekly limit on oil-price increases to stabilize domestic prices, with the government activating its price-stabilization mechanism. Source: Market Watcher
