Trump: “The Straits Are In Great Shape”

Menzie Chinn
By Menzie Chinn of Econbrowser
Professor of Public Affairs and Economics at the University of Wisconsin •

Brent crude nears the $100 mark amid rising volatility and geopolitical uncertainty. With the reopening of the Straits by late April currently a coin-toss, energy markets remain on edge as supply concerns persist.

Imported from https://econbrowser.com/archives/2026/03/trump-the-straits-are-in-great-shape.

Brent approaches $100/bbl again, volatility keeps on rising, and Straits open end-April less than eve-odds.

So prices are up, as is implied volatility:

Will traffic resume by end-April? It’s a coin-toss…

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