Yesterday, no ships passed through the Strait of Hormuz.

This strait carries 20% of the world's crude oil and 17% of LNG.
Last week, Brent crude oil prices surged nearly 60% in a single month, possibly the largest monthly increase in history.
But that's not the most dangerous part; JPMorgan Chase wrote in a report: if Saudi Arabia's alternative export route, the Yanbu port, is damaged, oil prices could rise another $20 per barrel.
Most people are focused on how much crude oil has increased, seemingly unaware of what JPMorgan Chase is warning about.
In the same week, Chevron's LNG facility in Australia was hit by a tropical cyclone, directly disrupting a quarter of the world's LNG supply.
Both crude oil and LNG are facing issues simultaneously, which may not just be a Middle Eastern geopolitical conflict but also the first time the global energy supply chain is under synchronized pressure.
For ordinary people like us, the only outcome is clear: energy inflation is making a comeback, and the Federal Reserve's interest rate cut plans will be delayed again.