Indian Rupee 20260515

India Insider: Rupee Under Pressure as Oil Prices Surge and Import Bills Rise

Iranian War and Implications for India as Energy Prices Cause Vulnerability

India is currently facing mounting external economic pressures as rising global crude oil prices weaken the Rupee, widen the current account deficit, and increase the risk of imported inflation. As one of the world’s largest energy importing nations, India remains highly vulnerable to fluctuations in global oil markets. The recent surge in energy prices, combined with geopolitical tensions and volatility in currency markets, has intensified concerns among policymakers, economists and investors.

The Reserve Bank of India (RBI) has stepped up its intervention in the foreign exchange market to stabilize the Rupee, while the government is evaluating measures to reduce pressure on import billing. Rising fuel prices, weakening currency conditions and growing external imbalances have combined to create a challenging macroeconomic environment that may test India’s economic resilience in the coming years.

USD/INR Six Month Chart as of 15th March 2026

Gold and consumer electronics imports are increasingly being viewed as non-essential imports, and policymakers may consider restricting these categories in order to reduce stress on the current account deficit. Officials are concerned that a widening trade imbalance could place further downward pressure on the Rupee and increase dependence on foreign capital inflows.

The Rupee on Thursday fell to a record low near ₹95.95 per USD, making it one of Asia’s weakest performing currencies this year. The currency has erased most of the gains achieved following earlier RBI intervention measures aimed at curbing speculation in the Forex market. Analysts expect the Rupee to remain under pressure through 2026, especially if global crude oil prices continue to rise and significantly increase India’s import billings.

The impact of rising crude oil prices is becoming increasingly visible across the Indian economy. Private fuel retailers have either reduced diesel sales or raised prices in response to the rally in global oil markets, leaving state owned refiners to absorb a larger share of domestic demand. Long queues at fuel stations and rising transportation costs have intensified concerns over inflationary pressures.

Earlier today, State-owned fuel retailers raised fuel prices for the first time in nearly four years as New Delhi adjusted domestic pricing to reflect higher international crude prices following escalating tensions in Western Asia. Diesel and gasoline prices increased by more than 3%, even though Brent crude prices had risen by nearly 50% over the same period.

In New Delhi, diesel prices climbed to around ₹90.67 per litre, while gasoline prices rose to approximately ₹97.77 per litre. These are among the highest levels recorded since 2022 and reflect the growing burden of imported energy costs on the Indian economy.

Economists argue that the rise in fuel prices signals a gradual shift toward market based pricing rather than extensive government controls. Policymakers increasingly recognize that artificially suppressing fuel prices could worsen fiscal pressures and create larger external imbalances over time.

Currency Weakness and Monetary Policy Challenges

RBI Governor Sanjay Malhotra recently remarked at an event in Switzerland that continued currency weakness may be “only a matter of time” if global energy prices remain elevated and capital flows become increasingly volatile.

Foreign outflows during the year have already exceeded previous levels, while a sustained rise in crude oil prices above $100 per barrel could significantly widen the trade deficit and push India towards another period of pressure on balance of payments.

In this climate, attracting foreign capital via various tax cuts or raising the interest rates is paramount to reduce the pressure on the currency. It’s already been seen that New Delhi is working on reducing taxes for foreigners investing in Indian bonds.

Rise of Inflationary Pressures

Although India’s headline inflation remains relatively contained and below the RBI’s 4% medium term target, imported inflation risks are steadily increasing.

Economists also believe the RBI may eventually be forced to maintain tighter monetary conditions or raise interest rates further if energy prices continue to accelerate.

The central bank has already raised interest rates to around 5.25% this year, but several economists argue that further tightening may still become necessary.

Historical Perspective and Structural Risks

Economic historians often compare the current situation with the oil shocks of the 1970s. During that period, the United States was heavily dependent on imported oil. The oil crises of 1973 and again in 1979 contributed to inflationary pressures, balance of payments stress, and periods of USD weakness.

However, economists note that today’s global environment is significantly different. The United States has become one of the world’s largest oil and gas producers, reducing its dependence on imported energy. As a result, rising oil prices no longer weaken the U.S Dollar in the same way they did during earlier oil shocks.

For countries like India, the impact remains severe. India imports the majority of its crude oil requirements. Higher global oil prices directly increase India’s import billing and create additional demands for USD.

As Economist Philip Verleger was quoted by Bloomberg, “when you are a major oil importing nation, you are not only paying more for crude itself, you are also paying more for the dollars required to purchase it.” India is now facing this realization again.

Copy and paste the text from AMT that you want to share

Gordons Bay Sunset 20260514

Investing and Sunshine: Positive Momentum While Guarding Against Worst Scenarios

The Reliability of Optimism in the Marketplace

Once again the world has not ended. The sun continues to rise and set on a daily basis and the world’s investment outlook remains towards an optimistic approach. Day traders should take this notion to heart and actually repeat it as a mantra when they consider pursuing the marketplace based on notions of fear.

Solid risk management equally needs solid risk taking tactics. And speculators need to always remember long-term investors are not basing their decisions on what will happen near-term, they are looking towards the future. While this may seem like a reminder a father would say to his children as a life lesson, day traders should not be offended, but use this as a keepsake and understand the world of investing is made up of elements that have proven durable.

Sunset over Gordon’s Bay, South Africa

While the price of energy, namely WTI Crude Oil, remains in elevated realms, corporations are still producing, and financial institutions have not shuttered their offices. There are some nervous types that speak about $200.00 a barrel Crude Oil, yet the higher price of the commodity remains perched near $100.00. This value is high compared to where the price of oil has traded the past few years, but the reality is that the current values of Crude Oil have been within these realms before and the economic world has survived. The price of Crude Oil is not going to hit $200.00 anytime soon.

Inflation is certainly an unwelcome specter, but there is the added fact that part of the long-term outlook is – if and when the Iran saga ends the price of WTI Crude Oil is likely to drop significantly. Yes, that is not going to happen near-term, but it is part of an optimistic view looking forward. In the meantime, commodity pricing has become a focus for large players who are taking advantage of fears and an ever flowing river of optimism which creates dynamic prices in agricultural resources. Logistics via fuel costs are certainly effected as is manufacturing and farming, but again let’s soothe ourselves with the knowledge most of those involved in these industries have dealt with high costs before and will constructively deal with the vagaries of mid-term uncertainty.

Almost needless to say, the U.S stock markets are doing extremely well per the results of the big indices. The S&P and Nasdaq have all gained in exquisite fashion since the end of March. Who had that on their bingo card? While financial institutions pouring money into equities likely didn’t count on double digits gains in one month’s time, that is what has happened and they will not complain. Perceptions about the sun continuing to show up even in the midst of rainstorms gets investors through whirlwinds. The U.S and China summit taking place now will also add a dose of optimism for equity investors who gear their visions towards results over a three to five years span.

Nasdaq 100 One Year Chart as of 13th May 2026

Different Show and Outcomes for Day Traders

Day traders who are pursuing intraday results are not participating in the same environment as long-term investors. A casino like experience is the best comparison for many retail traders, but the option of trying to catch momentum and using techniques that can accomplish better results are available for those who try to ride the waves caused by big players. 

Some may view money as a game, but it is actually more aligned with the concept of a tool. If a retail trader – or institutional investor – participates in a particular asset, they must have an understanding of how it works. 

Trying to gauge behavioral sentiment is a key ingredient for speculators when trying to deduce what will happen in the marketplace. Predicting what will happen within an intraday framework is difficult at best. However, there is something to be said for understanding how the emotions of investors and large players work while they make their decisions – particularly when day traders are using these notions as a barometer. The trading in the USD/JPY is a prime example of how trading/investing and outlooks work:

Our Friend the Japanese Yen and Forex Opportunities

 

It is recommended that day traders do not try to tackle too many speculative sectors at the same time. It is urged that they get familiar with one part of the financial market and make it a specialty. 

No one can know everything. Experts in one area – like an academic field – often believe this entitles them to speak on a variety of subjects they have no expertise within and this often leads to catastrophe. Day traders need to make sure they are getting information from sources that are reliable. Because sure as heck the sun will rise and set, no matter what dire predictions are made by those who prefer to focus on the worst.

Copy and paste the text from AMT that you want to share

India Vote 20260507

India Insider: How a Film Star is Reshaping Politics in Tamil Nadu

Vijay: A Stunning Victory by an Actor Turned Politician in India

When the Tamil Nadu state election results were announced this Monday, many people were stunned that a party with barely two years of political existence had managed to unseat parties that had dominated the state for more than 75 and 50 years respectively.

TVK (Tamizhaga Vetri Kazhagam), founded by actor turned politician Vijay, used his charismatic presence in Tamil cinema along with the power of social media to attract Gen Z voters and women.

This came despite the incumbent DMK (Dravida Munnetra Kazhagam) government under Chief Minister M.K. Stalin being widely credited for stable governance and helping Tamil Nadu remain one of India’s fastest growing state economies, with a GSDP( Gross State Domestic Product) growth rate of 11.9%.

Voting Results in Tamil Nadu and TVK Topping the Results

The two major Dravidian parties – DMK and AIADMK (All India Anna Dravida Munnetra Kalagam) were originally built on the foundations of social justice, welfare, and development. For decades, they shaped Tamil Nadu’s political identity and succeeded in winning the trust of the people.

However, despite the DMK government’s governance record, allegations of corruption, nepotism, and cash for votes politics continued to surround both DMK and ADMK. These criticisms have become deeply embedded in public perception over the years.

Today’s Gen Z voters appear to want change. Many were looking for a fresh political face capable of reshaping Tamil Nadu’s political landscape.

Vijay’s party reportedly secured around 1.67 crore votes, or approximately 34.3% of the total vote share, one of the strongest performances ever recorded by a newly formed political party contesting its first major election.

India’s political landscape has also been evolving rapidly in recent years. Prime Minister Narendra Modi and the BJP have successfully consolidated much of North India politically and are now working aggressively to expand their influence in southern states such as Telangana, Karnataka, and Tamil Nadu.

For Modi, strong regional opposition leaders such as M.K. Stalin in Tamil Nadu and Mamata Banerjee in West Bengal have remained major political challenges. Any significant political shifts in states like Tamil Nadu and West Bengal could reshape India’s national political dynamics in the years ahead.

While corruption, nepotism, and vote buying are important issues to consider, it is also necessary to distinguish between political allegations and governance outcomes.

In many ways, the DMK government performed better during the last five years than several previous ADMK and DMK administrations. Social indicators are impressive while Tamil Nadu State has attracted billions of USD investment for iPhone and automobile manufacturing.

During the election results, I was driving through Tiruvannamalai in northern Tamil Nadu and noticed that the streets were unusually silent. There were hardly any people celebrating openly.

If another traditional Dravidian party had won, the roads would likely have been filled with supporters distributing sweets and celebrating publicly.

For the first time, it felt as though a major electoral victory had been shaped more by social media influence and public perception than by traditional ground level welfare based political desires.

On my way back home on Monday, I saw an elderly man sitting at a bus stop equipped with fans that helped ease the intense summer heat.

That moment made me wonder: in the next five years, will political change alone truly improve the lives of ordinary people?

Or will charisma and digital influence matter more than governance, infrastructure, and social-welfare in the long run?

Copy and paste the text from AMT that you want to share

USDJPY 20260505

Our Friend the Japanese Yen and Forex Opportunities

Bank of Japan's 'Do As We Say' A USD/JPY FX Advantage Technically

Forex traders who have been keen on trying to venture wagers on the USD/JPY certainly cannot be faulted. As of this writing the USD/JPY is near the 157.720 vicinity, this after falling to lows around the 155.750 mark and below momentarily last Thursday, Friday and briefly yesterday. 

The Bank of Japan let it be known in the middle of last week that speculators should not be buying the USD/JPY because they – the BoJ – could and would intervene with strong selling to kill off the momentum higher. The ‘do as we say’ approach from the BoJ is a contrarian trader’s dream, but one that needs as always a strong dose of risk analysis.

USD/JPY Five Year Chart on the 5th of May 2026

And this is where it gets properly intriguing for USD/JPY traders, because the Bank of Japan is literally setting the table for two different types of Forex trades when they threaten or actually intercede with interventions. One is a selling notion per the warnings, the second is a buying excursion for the emotionally stable after they think the intervention has run out of power.

A five year chart shows the immense pressure the Japanese Yen has been under as it has lost value against the USD. However, it is all about perspective depending on how a trader wants to chase momentum shifts. 

Technical traders can easily see that when higher vicinities are approached the USD/JPY is sometimes met with spikes downward. And then technically it is rather evident that support levels tend to spur on buying. The problem for buyers seeking support levels after Bank of Japan selling is to know when it is safe to become a buyer again.

If a trader has courage and wants to bet against the large players and financial institutions leaning into long positions of the USD/JPY, a selling position at higher marks is a solid choice. Yet, the other question then arises – where is resistance going to actually translate into a warning sounded by the BoJ in order to create the desired landslides lower in the USD/JPY?

Bank of Japan policy regarding interest rates has only been in question for over 3 decades now from outside observers who like to be critical. Yet, the conservative (and questionable) policies of the Japanese government via fiscal and monetary policy is a looking glass into practicalities for Forex traders. 

10-Year Japanese bond yields are now at twenty-nine year highs. The rate as of this writing is above the 2.50% level. The Bank of Japan Policy Rate remains low at 0.75%. While many analysts believe borrowing costs from the BoJ should be higher, what some might be missing is that the Japanese people are already being penalized via a weaker Japanese Yen. Higher borrowing costs and a weak Yen would likely not go over well with many Japanese citizens.

The Bank of Japan is in a difficult place regarding outlook as it tries to help keep exports strong, while also having to consider the higher costs of energy which is certain to hit Japanese industries over the mid-term. These considerations may cause some financial institutions to continue leaning into a buying outlook regarding the JPY, but near-term considerations must also be weighed as nervous sentiment cascades throughout the broad Forex market shifting abruptly. 

USD centric price action has been choppy, but overall the USD has also been weaker against many major currencies and even emerging market currencies. Yet, the USD/JPY remains within its higher realm. All of the Bank of Japan warnings to speculators telling them not to pursue buying the USD/JPY continues to make the BoJ sound weak and this doesn’t help sentiment surrounding the JPY. While the Bank of Japan can certainly intervene with massive amounts of buying the Japanese Yen – selling the USD/JPY – the central bank also is probably quite keen on making sure the JPY doesn’t get too strong. 

And this is where confusion must be put to the side, economics are wonderful when studied in a textbook, but the reality of trading the USD/JPY lives in the real world. Fiscal and monetary policies do not always work out the way governments intend.

The BoJ probably has a polite trading range they would like to see for the USD/JPY between 154.000 to 158.000 currently, but getting financial institutions to help achieve this realm remains difficult. The range between 156.000 to 159.000 likely remains a practical area for the BoJ as of now, one in which they believe their policies can work properly. 

Opportunities need to be viewed with a proper lens by day traders. Participating in the USD/JPY is a dangerous place because the currency pair has massive volume and the BoJ and U.S Federal Reserve often work together to gear valuations – even if they frequently disagree on techniques. Price velocity in the USD/JPY will continue to prove dynamic in the near-term and speculators need to practice patience and keep their risk taking tactics strict.

Copy and paste the text from AMT that you want to share

AMT Top 10

AMT Top Ten Miscellaneous Early May Reflections

May Day Parades and Wishing on Santa Claus

10. NBA Playoffs: Basketball has now entered its serious season, one in which rest days are no longer done in order to gain better draft day lottery odds, nor appease star players who feel the need to take a day off. There have been a couple of upsets already during these playoffs with Houston, Denver and Boston all of whom were favored to win their first round competitions going down in flames. Semi-conference championship contests will begin tonight. Basketball fans are now getting the NBA product they want.

9. May Day: Parades and protests were seen throughout the United States this past Friday. The once treated contemptuous flag of communists was held aloft and portrayed as a viable ideology at many demonstrations. Protestors marched and chanted their displeasure about free enterprise. A lack of historical knowledge about the massacres ignited by Joseph Stalin, Mao Zedong and Pol Pot while paying homage to iconic Che Guevara images was evident. However, their longing for a Santa Claus like figure to come bearing free gifts did not appear. 

AMT Top 10 Miscellaneous Early May Reflections on the 4th of May 2026

8. $80,000.00: Bitcoin has been traversing higher and continues to flirt with the eighty thousand USD realm in its sights. Strategy (MSTR) finished last week above the $177.00 ratio. Are the new higher avenues a sign momentum will continue to endure for these two highly flammable speculative wagers, or will profit taking douse them again when suspicious caution reemerges?

7. NYC: Mayor Mamdani has made it known the city is not going to be able to meet his budget requirements and has postponed the publication of New York City expenditures until the second week of May. Mamdani has called on the State of New York to change is financial arrangements with NYC in order to facilitate his wishes. In the meantime, the Mayor has decided to pick a battle with hedge fund manager Ken Griffin, the primary owner of Citadel, which if unresolved is likely to cost NYC vital jobs and income. Charm and ignorance are likely to get Mayor Zohran Mamdani only so far.

6. Warning: USD/JPY is traversing near 156.900 as if this writing. Last week the USD/JPY was over the 160.000 ratio and sustaining values. But official murmurs from the Bank of Japan proclaiming readiness to intervene sent the Forex pair tumbling. Japanese Yen speculators betting against the BoJ should remain alert and understand that quick profits and escaping before an actual intervention strikes is a very dangerous game to play. The USD/JPY is the domain of large players and financial institutions. Yields on Japanese bonds have escalated, which is a sign that belief in Japanese fiscal policy remains lukewarm, but participating in the USD/JPY via wagers needs to be done with extreme care.

5. Hormuz Strait: WTI Crude Oil values continues to effect behavioral sentiment amongst investors and speculators. The price for spot Crude Oil is above $106.00, while futures are challenging the $100.00 realm. Inflation concerns are turning from whispers into fact. Airlines are being impacted, and logistics for large companies like Unilever are becoming higher costs for global consumers.

4. Reality Shock: Escalating electricity costs for the giant data centers that Artificial Intelligence infrastructure needs are starting to not only be realized, but causing investors to understand genuine profits for the mega-sized ambitions of many companies may prove fleeting. Hyper-scaling companies seeking to build bigger electrical capacity include Microsoft, Alphabet, Meta, Amazon Web Services and Equinix and it will not be easy. Potential and real electricity shortages are causing some nations, states and cities to plead for help due to too much demand on their overwhelmed power grids.

3. Voting: Jerome Powell has decided that he will remain as one of the seven Federal Reserve Governors, which allows him to vote fully on interest rate (FOMC) policy. Powell’s action is highly irregular and one that certainly doesn’t please the Trump administration. Treasury Secretary Scott Bessent has expressed his exasperation regarding Powell’s non-departure from the FOMC. Powell will step down as the Chairman of the Fed on the 15th of May, but his position as Governor doesn’t end until the close of January 2028. Because the Fed is an independent entity in theory, President Trump and those aligned with Trump’s economic outlooks will have to deal with Powell who will clearly not bend to White House desires. 

2. Apex Peaks: The official start to the Middle East conflict – this time – began on the 28th of February. Since deciding the Nasdaq 100 and S&P 500 were vastly oversold in late March, a parade upwards bearing gifts has developed and both indices attained record heights this past week. The Dow Jones 30 is still below its all-time levels produced in the second week of February when it scorched above the 50,000 level, but the granddaddy of U.S indices also did remarkably well in April. 

1. Exit West: The decision to officially leave OPEC by the United Arab Emirates is a clear sign that the Iranian war has turned into a philosophical realism regarding existential outlook. The UAE’s has aligned itself with the West and has said no to radicalization. The United Arab Emirates desire to become a Singapore like model in the Middle East that practices free enterprise and provides a worldwide hub for commerce is clear. Many people are not connecting the dots regarding the UAE’s choice, a realignment of the Middle East is underway and it will have a profound economic effect globally.

Copy and paste the text from AMT that you want to share

Water India Graph 20260430

India Insider: Water Crisis Has Turned From Severe to Critical

India Needs Sustainable Water Security With Improved Infrastructure

India’s population has been expanding at a rapid pace and stands at 1.4 billion. Due to the urbanization process, industrialization in cities like Chennai, Mumbai and Delhi must continue to emphasize improving public infrastructures in order to maintain vital growth.

The growing population and urbanization adds noteworthy stress to the nation’s water bodies. With more people living in increasingly congested areas and pumping large amounts of water via borewells, groundwater levels are rapidly diminishing.

For instance, India consumes roughly 761 billion cubic meters of water per year, making it the largest water consumer in the world, ahead of China and the United States. 85% of rural India is dependent on ground water for agriculture and consumption, this because lake and pond water are not accessible. Rural India suffers from a lack of maintenance and sewage water that often contaminates these important sources.

Tap Water via Total Dissolved Solids Comparison in Various Cities Worldwide 

Only a few years ago, water facilities provided by municipalities and urban systems were relatively accessible in India. Low and middle income households relied on pipelines, wells and tap water for their daily usage. However, with sharp rises in population, government capital expenditures on water pipelines and sanitation has not kept pace and often fails to meet needs.

For example, rainfall in Chennai City always ends up staying on roads and platforms in the last few years, this despite the city’s infrastructure which has expanded multifold. In many parts of Chennai, water contamination has become severe with high levels of iron, hardness, turbidity and nitrate levels visible. The government has been inefficient when addressing the contamination. As I witnessed in 2019, many parts of Chennai cannot use ground water due to inadequate rainfall, storage and lack of proper municipal supplies.

And due to excessive extraction of ground water and an inability to channel rain water into the ground, many parts of Tamil Nadu now report total dissolved solids (TDS) ranging from 500 to 1000 parts per million, reaching extreme levels of 3000–5000 ppm in some areas. The World Health Organization recommends much lower levels for safe and palatable drinking water.

Water treatment for households using reverse osmosis plants, which were not normal a few years back have become essential for people seeking safe drinking water. Despite being a coastal region , cities like Chennai cannot rely solely on seawater desalination to meet their drinking water needs. While desalination plants contribute to supply, they account for only a fraction of total demand.

Desalination is an energy intensive and expensive process, making it difficult to scale for universal, affordable access. More importantly, producing water is only one part of the solution and delivering it efficiently remains a major challenge.

India endures 3 to 4 crore (30–40 million) waterborne disease cases every year, mostly from contaminated drinking water. As borewells go deeper, they draw water containing high concentrations of fluoride, arsenic, nitrates, and heavy metals. This creates significant health risks, especially for low income households that cannot afford advanced purification systems. The depletion crisis and contamination crisis are increasingly converging.

Due to rapid urbanization and high population with inefficient audits, many water bodies such as lakes and ponds have been encroached upon by the real estate sector or contaminated by waste disposal by surrounding settlements. This is quite visible in Chennai.

Experts claim that many water officials do not have a clear understanding of how pipeline networks are laid out across cities. As Frontline magazine columnist Vedaant Lakhera wrote in April 2026, India’s water crisis stems less from hydrological scarcity and more from a failure of governance.

The absence of water sensitive designs have allowed cities to expand unchecked, almost freely, contaminating local water sources such as lakes and ponds. This has led to a significant depletion of groundwater availability, which were supposed to act as reserve water reserves.

Addressing this crisis requires a multi-dimensional approach. Rainwater harvesting must be scaled to improve groundwater recharge and long-term availability, while modern purification systems remain essential to ensure safe consumption in the short term. At the same time, systemic reforms such as regular pipeline audits, mandatory replacement of ageing infrastructure, and better urban water management are critical to prevent contamination at its source.

Without such integrated efforts, cities will continue to face a paradox of water scarcity amid abundance. Sustainable water security in India does not depend only on how much water is available, but on how effectively it is managed, protected and delivered.

Copy and paste the text from AMT that you want to share

WTI Crude Oil 20260428

Shift To Economic War Against Iran to Deprive Funds to Regime and IRGC

What If Everyone Is Looking At The Wrong Things About Iran?

The current futures price for WTI Crude Oil is above $98.00. The cash price for the commodity is above $103.00. While many people continue to fret about what endgame strategy the U.S White House is conducting, what if we are seeing it play out in real time via the price of Crude Oil? Is it possible that President Trump has a coordinated plan to starve the Iranian regime and the IRGC of its much loved and needed money? It appears this is the case.

WTI Crude Oil Futures Three Months Chart on the 28th of April

Simply put, the Iranian Revolutionary Guard Corps is a mafia. They stay in power using the tool of fear brought upon by their ability to be ruthless to the Iranian citizens. They are a terrorist organization in the truest sense. If you disagree with that assessment, you are free to do so. However, facts when they are studied point to the conclusion Iran is a terrorist state led by its regime and the IRGC. 

Iran has made massive amounts of money via its energy products for decades. The shutdown of the Hormuz Strait, or at least the inability to export Crude Oil freely, is putting a strain on global energy prices, and it is causing a major fracture in the main financial export of Iran. 

The U.S has not only shut down easy navigation in the Hormuz Strait, but it is also going after Iran’s cryptocurrency operations. The ability to receive and transfer digital money by Iran is being strangled. What if President Trump is not only listening to the opinions of his military officers, and Secretary of State Rubio and Vice-President Vance, but also Treasury Secretary Scott Bessent who has an abundance of financial knowledge about how money flows internationally and how to create obstacles.

If the IRGC is not able to pay its own members, and other adherents to the Iranian regime are only slowly reimbursed, the apparatus of the IRGC will certainly lose its influence. The inability to pay allies that exists merely because they are employed or corrupted by the IRGC likely is starting to cause fractures regarding loyalties. 

China needs Iranian oil too. And evidence is starting to be speculated upon that China is facing tough decisions about acquiring Crude Oil from other sources. China will not be happy about having to pay higher costs, this because discounted Iranian oil that has abundantly been used is no longer available. 

Equities via the major U.S indices have done incredibly well since the end of March. The Nasdaq 100 has seemingly forgotten about AI overbought concerns, the S&P 500 is within apex territory and the VIX is acting as if sunny days are in the forecast. Forex has been volatile, but the value of the USD is within known realms.  However, the price of WTI Crude Oil is high and it has gotten higher since the 17th of April when futures prices briefly flirted with the $80.00 realm – this before going into a weekend. And this is a clue that something is afoot, beside larger players speculating on what their outlooks are for WTI Crude Oil in the mid-term.

The weekend of the 18th and 19th of April witnessed talk of an end to the Iranian war fall short; and heard President Trump essentially declare the ceasefire is still on but with the caveat that the U.S would create a blockade in the Hormuz Strait. While the semantics of a blockade can be debated, the U.S has caused shipping problems for tankers that were supposed to ship Iranian Crude Oil. The U.S clearly decided to create economic distress for Iran.

The Iranian regime still stands, but its leadership is rather shaken. The IRGC is controlling a lot of the decision making for the time being, and it appears the U.S White House is trying to make the IRGC weaker by ending their financial lifelines. It appears that it has been figured out that an economic war which includes starving Iran of cash is the most certain way to create revolts inside of the nation. When the influence of money is eroded, and temptations via other spheres of power suddenly sound tempting and can be joined, this is when shifts in authority and leadership can occur. 

While many analysts wonder about the lack of an obvious endgame being announced by the Trump administration, maybe it is already being played out. President Trump has a large ego and he is happy to extoll the virtues of his ‘tremendous’ policies frequently, but he also has shown the ability to remain quiet when it comes to plans of action and carrying them out. Yes, this can be argued into the late hours by pro-Trump and anti-Trump people. But maybe Trump is simply telling the truth when it comes to the U.S having time on its side regarding the Iranian ceasefire and the Strait of Hormuz. Maybe the clock is ticking on the eroding cash pile the Iranian regime and IRGC has within its grasp.

Copy and paste the text from AMT that you want to share

US Cash Index 20260424

Upcoming Weekend Nervousness: Does Anyone Know What is Going On?

Preaching Caution and Looking Like a Fool to Those Who Want to Profit

Can someone please tell the rest of us what is going on? Global markets via Forex this morning are demonstrating additional USD centric strength which developed yesterday. The price of WTI Crude Oil is above $94.00. Gold is languishing and around 4,675.00 USD. And although the 3 major U.S stock indices are all within their higher realms – one thing stands out – folks are uneasy.  But then again, the markets never move in one direction only, and perhaps current results can be interpreted as profit taking by those on winning sides.

U.S Dollar Index One Month Chart on the 24th April 2026

I would love to be the person to tell you what is going to happen, but as this weekend looms making short and near-term bets still appears a fool’s game. Yes, it is easy to make predictions, but being correct is more difficult. Retail traders are suffering more than most market participants, this as leverage and a lack of funds to remain in a position through violent reversals destroy plenty of trading accounts.

There is talk of manipulation via chat rooms regarding the price of WTI Crude Oil. The usual dialogues can be seen – largely based on conspiracies via large players trying to blow out smaller traders. However, these types of forum chatter are mostly wrong. Large players are getting hurt too in the energy markets. Anyone who is taking a position in order to speculate on a quick hitting foray in WTI is betting on their perceptions. 

The problem is that unless there is inside knowledge of what the next words out of President Trump’s mouth are going to be, or that from Iranian officials – any pursuit of WTI Crude Oil at this juncture is a ‘vibe’ trade. What is going to happen from Saturday and into Sunday is an unknown quantity. Folks holding positions into this weekend need to understand they are wagering. And some may find they are quite profitable afterwards, while others grimace and find themselves on the wrong side of the next surges higher or spikes downward. Intraday trading volatility in nothing new however.

The USD/JPY is near 159.600 as of this writing. The EUR/USD is close to 1.16820. While a tourist traversing foreign lands may not find the Forex incremental shifts in value mesmerizing or of interest, FX traders who do not have deep pockets are likely wondering why risk adverse conditions are prevailing suddenly. But as a risk analyst, I must say that conditions simply may have been perceived to have been oversold in the USD by financial institutions, this as the Fed looms on the horizon.

However, my task as a risk analyst the past two months has been like a carnival barker, because while it has been easy to say that a show is happening within the big tent of speculation, I have been hard pressed to predict short and near-term directions correctly. Perhaps I fret too much. The optimistic thunder claps upwards in the stock markets since the 31st of March have been astounding to many. Hopefully it has been prosperous for day traders, but the likelihood is that financial institutions are the ones who are profiting more via their pension funds purchases for institutional clients.

This coming week the U.S Federal Reserve will make their FOMC decision public. This will be Jerome Powell’s swan song at the Fed. The Chairman is being faded out by the U.S White House mid-May. And somewhere when he is all alone, Jerome Powell may be having a quiet laugh to himself. The Fed will not act this week. Rates will remain the same – unless there is some bizarre move in the global markets over the next handful of days. Yet, Powell’s remarks will be listened to for warnings. While it is not in Powell’s nature to issue a ‘I told you so’ quote, and he is likely content to walk away from the Federal Reserve quietly, it would be captivating if Powell looked into the cameras and pointed fingers. 

But because Jerome Powell like most others, likely has no clue what is going to happen next internationally he will remain mostly mute (cautious as always).

And here we meet again, wondering what the next 72 hours hold. Will the Iranian ceasefire remain observed? Is it even a ceasefire in reality? The Strait of Hormuz remains a linchpin for military action by the U.S Navy and Iranian Revolutionary Guards via a cascade of ship seizures. Maybe that continues to be the key, WTI Crude Oil prices remain a crucial barometer. USD centric prices via Forex action seems to be a reflection of fear or positive thinking in the energy sector depending on the prevailing tides.

Last week there was so much optimism folks were talking about WTI prices potentially hitting $75.00 and lower, now this hope seems to be wishful thinking. Global markets will remain fast and dangerous, that is easy to say and is right, but telling you which direction assets will move, that is a bit different.

And there is the old standard test I use when an opinion is definitely asked for: if someone were to put a gun theoretically to my head and ask me what I think, I would venture to say things will remain quiet and optimism will seep into the markets before the close this weekend. However, I don’t like to play fool’s games, so I will leave now and wish you luck via your own perspectives because the near-term remains more speculative than normal for day traders – even if strict risk management is used. 

Copy and paste the text from AMT that you want to share

Hospitalization Costs 20260421

India Insider: Rising Hospitalization Costs a Growing Concern

Indian Households Face Rising Expenditures for Hospitalization and Critical Care

Many households in India face unexpected hospital expenses that have become almost routine in today’s environment. Rapid urbanization, unclean drinking water, poor air quality due to carbon emissions and industrialization have hit low and middle income homes harder than upper income families. These households are increasingly exposed to diseases that require critical treatment, but the government institutions are ill-equipped to handle the growing patient loads. As a result, many Indians are forced to seek treatment in private hospitals, where costs are significantly higher.

Consider that a middle income household in Madurai earns roughly between 15,000 to 20,000 Rupees per month per person. This per the Periodic Labor Force Survey 2023-2024 Annual Report. So if two people are working in a family, it means empirically, we can estimate the income between 35,000 to 40,000 per month. We need to compute the family’s expenditures – if one member is hospitalized for critical illness or gets hospitalized treatment in private and public hospital.

Even if the income range for this family is better than median estimates, their capacity to absorb medical shocks are limited due to high baseline consumption and minimal household savings.

In the case of hospitalization in a government facility, out of pocket expenditures such as medicines, diagnostics, transport, and wage loss can amount to 12,000 to 40,000, effectively deducting one to two months of household income.

In other words, families need to spend out of pocket by borrowing to finance these gaps for consumption and medical expenses.

However, if a family is forced to take treatment in a private hospital, they would be spending 100,000 to 500,000 Rupees in critical cases, their total spending as a higher percentage of net income and is close to 1,250% in extreme cases.

The Role of Savings and Informal Safety Nets

As observed during Covid-19 and other crises, Gold has often acted as a financial buffer for Indian households.

Families that save during stable periods are able to pledge or sell gold in times of distress, helping them to manage medical expenses without relying entirely on high cost borrowing.

In contrast households without many buffers, often turn to informal lenders or personal loans, where interest rates can range between 36 to 60% compounding the financial distress.

Looking at Government Data for Clues

The most authoritative survey on household expenditures on hospitalization comes from National Sample Survey Office’s (NSSO) “Health in India” (2017-2018), and it showed the costs for those hospitalized in private facilities were eight times costlier than government facilitys.

An average hospitalization (excluding child birth) cost 4,290 Rupees in a rural government hospital, and 4,837 in an urban government hospital. The same scenario in a private hospital cost 27,347 in rural India and 38,822 in urban India. Out of pocket expenditures – the amount families pay themselves, follows the same pattern with families having to pay out about 4,000 Rupees in government hospitals, versus 26,000 – 32,000 Rupees in private ones.

Hospitalization Expenditure by Hospital Type and Sector, NSSO 75th Round (2017-2018). Source: MoSPI, Ministry of Statistics.

These were already catastrophic figures for a typical household in 2017-2018. A single private hospital admission cost more than a month’s wages for most Indian families, and it is getting worse.

Seven Years of 12-14% Medical Inflation

Since 2018, the cost of being hospitalized in India has risen at a pace that outstrips almost every other category of spending: Millman’s 2025 medical inflation report pegged the rate at 12% in 2024, more than triple the general CPI inflation of 4.2%.

An urban private hospital admission that cost 38,822 Rupees in 2017-2018 now is in a 76,000 – 91,000 price range, this while real wages are stagnant and not growing. Recent RBI Household surveys conclude that Indians absorb higher debt in order to manage their household expenses.

Critical Illness Can Wipe Out a Household’s Future

Critical illness like heart attacks, a cancer diagnosis, renal failure, kidney transplants costs even more in India – and the problems grow unbearable for Indian families after they are forced to take on more debt. For example, a heart angioplasty with stent that costs 100,000 in 2018 now costs between 200,000 – 300,000 Rupees in private hospitals.  A kidney transplant which costs 400,000 – 600,000 a decade ago now costs 1 million to 1.5 million Rupees. A full course of chemotherapy ranges from 250,000 for early stage diseases to 2.5 million Rupees for advanced cases requiring targeted biologics.

Cost ranges for major critical illness in India, 2024-2025, green bars show public hospital costs, orange bars show private hospital costs. Sources: ACKO India Health Report 2024, HCG Oncology, Hospital Quote Data from Apollo, CARE and others.

Where the Indian Household Stands

As per periodic labor force surveys, the median Indian worker earns 10,000 Rupees a month. The Economic Survey in 2024-2025 recorded average monthly earnings of 13,279 for self-employed workers, 20,702 for salaried workers, and 12,750 for casual laborers. Crucially, only the top 22% of the India’s labor force earns more than 15,000 Rupees per month.

Monthly household income distribution, rural vs urban India (2023-2024). Sources: Periodic Labor Force Surveys, Azim Premji University Income Distribution Study 2019-2024.

Statistically, the household we have taken for the reference is not a poor household by national standards. It is comfortably above the rural and urban median, sitting in the top fifth of the country, and this is what makes the rest of the story so troubling. If this household cannot afford a critical illness, almost no household outside the urban upper middle class can afford rising hospitalization costs.

The Insurance Gap

The government of India has expanded insurance schemes for low income households since 2018 via the Ayushman Bharat PM-JAY with 500,000 Rupees coverage. But the scheme which was set many years ago, does not match the current medical costs scenarios. Income eligibility is an another problem where a majority of people who earn in the middle, slip out of the government insurance schemes and have to take private insurance to cover their health risks. Health insurance penetration in India is low at 3.7% of GDP, well below global statistical standards of 7%.

Across much of India, a single critical illness can effectively destroy years of household income accumulation and trigger debt dependence. In the absence of stronger public healthcare delivery, and without deeper insurance penetration at affordable costs providing better claims services, and lacking robust risk sharing mechanisms – escalating medical costs could act as a drag on India’s economic growth trajectory by weakening household balance sheets.

Notes: 1 USD = 93.24 INR

Copy and paste the text from AMT that you want to share

Dear Father Dear Son 20260420

Dear Father, Dear Son: Two Lives….Eight Hours – A Review

A Hard and Personal Story About His Father - Written by Larry Elder

Book corner: Dear Father, Dear Son: Two Lives…Eight Hours by Larry Elder.

Hard work wins. You get out of life what you put in. You can’t always control the outcome, but you can control the effort. No matter how hard you work or how good you are, sometimes things will go wrong. Character is about how you react when they do. – Randolph Elder

Is it possible to reconcile with an abusive parent? In Dear Father, Dear Son: Two Lives…Eight Hours, Larry Elder seems to think so.

In the book, Elder – an African-American conservative best known for his sharp-edged columns and radio commentary – steps away from politics to tell a far more personal story: that of his father, Randolph Elder, and their fractured relationship.

Sober, hardworking, and honest, Elder Sr was unwavering in his commitment to provide for his family. Yet he was also volatile and harsh, with a hair-trigger temper that often erupted into severe physical discipline, ultimately driving a wedge between him and his sons. By the age of fifteen, Elder had stopped speaking to his father altogether – a silence that lasted a full decade.

The heart of the book centers on a pivotal moment: at age twenty-five, Elder returns home intending to confront his father over the pain of his upbringing. Instead, the two talk for eight hours – an encounter that gives the book its title. During that conversation, his father shares the story of his life, revealing the struggles and experiences that shaped him. In seeing the man behind the stern exterior, Elder leaves with a profoundly altered perspective – one marked not by anger, but by understanding, admiration, and, ultimately, love.

Elder structures the book into three broad sections, with the first focusing on his childhood in Los Angeles during the 1950s and ’60s, where he navigates a home life dominated by his perpetually angry and sullen father. He paints a vivid picture of a tense, fearful atmosphere, where even the smallest, most innocent slip-up – a careless remark, a minor inconvenience, or a mild infraction – would trigger his father’s fury. Whether at home or on rare family outings, the specter of corporal punishment was always looming. The family’s attempts at joyous outings were frequently overshadowed by his father’s unpredictable moods, which drained the life from otherwise memorable experiences. A trip to Disneyland, for example, soured when his father, following a bumpy ride, developed a crick in his neck. Similarly, a visit to a Dodgers game was marred by his father’s annoyance at the behavior of other fans. Even the most typical childhood blunders—like his younger brother getting lost at a drive-in theater while returning from the concession stand – were not enough to spare his father’s wrath.

The book’s middle section – its heart and core – revolves around the pivotal incident from which the title is drawn. As a teenager, Elder worked in his father’s diner for the important pocket money it provided. He loathed the experience, particularly his father’s constant barking of orders and the demeaning, impatient way he was treated – especially humiliating because it all played out in front of the diner’s patrons. At 15, an explosive argument with his father pushed Elder to quit on the spot, and the two didn’t talk for ten full years.

From there, Elder threw himself into his studies, eventually finding success in law school and a thriving legal career in Cleveland. Yet the unresolved bitterness festered inside him, an emotional weight he couldn’t shake. Ten years later, the resentment became unbearable, and he made the difficult decision to return to Los Angeles for a confrontation. He showed up at the diner just before closing time, surprising his father. Elder Sr., surprised but composed, sat down with his son and listened, offering no protest, only quiet attention. In a moment of unexpected calm, he shared his own life story, asserting that, despite their turbulent relationship, he had been a better father to Elder than his own father had been to him.

Born in backwoods Georgia in 1915, he never knew his real father; his mother raised him with a series of boyfriends, one of who was a man named Elder. This man never married his mother and, even worse, was an alcoholic who physically abused the two.

One day, after coming home from school and making too much noise, young Randolph got into an argument with his mother and her then-boyfriend. His mother sided with her boyfriend, who threw the boy out of the house – never to return. He was 13 years old, an African-American with little schooling and even less money in one of the poorest and most racist areas in the country. The Great Depression began a year later.

Forced to fend for himself, he left school and took any work he could find. After stints as a yard boy (sleeping at night in barns), shoeshine boy, and cook, he eventually secured a prestigious position as a Pullman porter, then the largest private employer of African-American men in the country. It was through this job that he first visited California. Struck by its more tolerant atmosphere and temperate climate, he promised himself he would return someday.

After Pearl Harbor, he joined the Montford Point Marines, a unit comprising the first African-Americans to serve in the US Marine Corps. Promoted to staff sergeant, he served honorably in Guam as the head of a mess hall crew. But when he was discharged, he found that even with his considerable experience, no one would hire him as a cook. Desperate, he went to an unemployment office in Chattanooga, Tennessee, where a white clerk told him to use the “proper door.” Obediently, he stepped out into the hall and went through the “colored only” entrance – only to end up face-to-face with the same clerk. “Now, how may I help you?” she asked. So, he decided to take up his promise to return to California.

Facing similar obstacles to securing employment as a cook – although out in the Golden State the racism was more polite – he got a job as a janitor at Nabisco. After buying a home in working middle class LA, he was determined to ensure his wife would be a stay-at-home mom for his three rambunctious sons, knowing what could await them if they returned after school to an empty and parentless home. Embodying an almost Nietzschean philosophy towards hard work – Elder describes his father as highly disciplined, indefatigable and seemingly intolerant to pain – Elder Sr worked two full-time jobs and did extra work as a private cook on the weekends, averaging only a few hours’ sleep each night for many years. In addition, after being passed over for promotion due to his limited schooling, he went to night school for his GED. Later, in the early 1960s, at the age of 47, he owned and operated his own diner in the Pico-Union neighborhood of LA, wakening at 4:00 AM every morning. He ran the diner successfully for thirty years until his retirement.

After hours of listening to his father’s story, Elder felt his resentment and pain give way to a growing sense of admiration. Despite enduring profound poverty and racism, his father was neither bitter nor angry. He never saw himself as a victim, nor did he harbor hatred toward others. Instead, he lived with quiet discipline and purpose – resourceful, self-controlled, and relentlessly focused on his goals. He avoided vices, kept to himself, and spent carefully rather than frivolously. Elder was struck by one small but telling detail: his father carried a worn copy of Ten Rules for Success by A. G. Gaston in his wallet (see here), which he passed on during their conversation.

In seeing all this, Elder came to recognize not the harsh, distant figure of his youth, but a resilient, responsible, and humble man—one who believed that hard work could overcome most obstacles and who had simply tried, in his own imperfect way, to pass those values on to his sons.

As the eight hours pass – marked by countless cups of coffee – the two begin to speak not as estranged figures, but as equals: with honesty, warmth, and even humor. In that time, they quietly build a new, deeply affectionate father–son bond. Elder comes to understand that, though his father never expressed it outright, his love and pride in him had always been there. From that moment on, and for the next thirty-five years until his father’s death, they remained inseparable.

In the third section of the book, Elder describes the aftermath of the reconciliation. He describes helping to patch up his parents’ difficult marriage and getting them to revive their strained communication, and so visits to his parents’ home began to take on a lighter, warmer and more joyous tone. Elder describes the outings and conversations that he and his father took together where they shopped and watched movies. Later, he would play an active part in consoling his father after his mother’s passing.

Because of Elder’s public profile, his father slowly acquires a kind of celebrity of his own: he receives a standing ovation at one of Elder’s speeches and is even interviewed by Morley Safer on 60 Minutes.

As his father’s memory begins to fade, the book unfolds some of its most touching moments. Elder explains the iPhone to his father repeatedly due to Elder Sr’s dementia, each time patiently and gently. And in the book’s final passage, as Elder Sr. lay in bed preparing for sleep, Elder sits by his bedside and reads aloud from a book about the Montford Point Marines as his father listens quietly before drifting off. After lights out, Elder stares at his father from the hallway with love and admiration.

Dear Father, Dear Son: Two Lives…Eight Hours is a deeply moving and quietly powerful work. At just 247 pages, it remains a quick read, yet its emotional resonance lingers long after the final page. In less careful hands, the story might have slipped into mawkish sentimentality, but Elder keeps the narrative grounded, lucid, and unsparing. His father would have it no other way.

Note to readers: Randolph Elder passed away in 2011, and lived long enough for his son to read a copy of the book to him. He was posthumously awarded the Congressional Gold Medal in 2013 for his military service.

Copy and paste the text from AMT that you want to share

postN87

AMT Top Ten Miscellaneous Bits of Clarity for the 19th of April 2026

In a World Filled with Bread and Circuses, Now a Dose of Transparency

10: The Risk Reward Show: Sommer and Petrucci will return to the airwaves this coming week, via sources like Spotify and YouTube, with their podcast starting after a long break (absence).

9. Hardball: Major League Baseball is back and the sport continues to attract more fans and growing attention with its quicker games, a new computerized strike zone, and maybe even more dislike of the Los Angeles Dodgers. Yes, Shohei Ohtani remains a dominant and positive force in the baseball world.

AMT Top 10 for the 19th of April 2026

8. Populism: Politicians on both sides of the Atlantic continue to display a wide display of nonsensical rhetoric and bold asinine actions equating into empty spectacles. An example from the Left is Zohran Mamdani the mayor of New York City with his socialist platform, which is certain to fail and equate into more people and companies leaving NYC for less expensive and friendlier tax environments. And from the Right Italian Prime Minister Giorgia Meloni who talks a tough game but consistently falls short of backing up her words when she senses she could lose control of her power base. The putrid smell of trying to please voters with rotting bread and circuses prevails.

7. Speculation: Gold finished Friday’s trading near $4,837.50, Silver around 80.78. Bitcoin is close to $75,570.00. 

6. AI: While the Artificial Intelligence hangover has been widely discussed for a handful of months, health continues to be seen via Nvidia which closed above $201.00 going into this weekend, and Anthropic PBC which appears to be aiming for an IPO in late 2026 or early 2027. At this moment Anthropic has an estimated valuation of 800+ billion USD. If Nasdaq is able to secure a listing with Anthropic it will immediately factor into the Nasdaq 100. Are some investors betting on upside now which they believe will be seen when Nasdaq reorganizes its index?

5. Optimism: India, South Africa, Brazil and other emerging markets have experienced Forex volatility like all nations the past month and half due to the Iranian war. However, in the past two weeks the Indian Rupee, South African Rand and Brazilian Real have performed better as global markets have calmed. The ZAR and BRL have actually outperformed major currencies over the past handful of months showcasing existing optimism within financial institutions dealing with these currencies.

4. Money for Something: Lefarge, a French company specializing in concrete, was found guilty this past week of paying ISIS (Daesh) and other terrorists groups money in the years from 2012 into 2014, this in order to maintain their business operations in Syria. While Lafarge claims they paid the money to keep their operating staff safe, a French court ruled Lafarge was buying not only safe passage to allow employees to work, but also paying for physical resources needed from quarries that were controlled by the terrorists. Critics of Lafarge point towards the company’s massive infrastructure investments leading up to 2012 and a decision to seek profits no matter the costs of dubious morality. Some Lafarge former senior executives involved have been sentenced to prison including Bruno Lafont and Christian Herrault. Lafarge and Holcim (a Swiss conglomerate) merged officially in July of 2015.

3. WTI Prices: The value of the world’s most famous Crude Oil went into the weekend near $83.30 via futures markets. The commodity is certain to open with volatility early on Monday, this as folks weigh in via their existing behavioral sentiment which will range from speculative perceptions to insights they hold to be true (but that could prove false). WTI Crude Oil challenged 79.00 USD momentarily on Friday, before sparking upwards as cautious attitudes likely ignited doubts about what would happen this weekend in the Middle East regarding potential developments. Wagering on WTI in the coming days for day traders may be akin to spins of the roulette wheel.

2. Apex Heights: The winning streak and surge upwards for the Nasdaq 100, S&P 500 and Dow 30 via gains have caught some investors by surprise and standing on the sidelines. Some large financial institutions may find they have to explain why they did not participate in the rally which has unfolded since late March. The S&P 500 has gone up around 9.5% during this time.

1. Straight Talk: The Hormuz and whether or not the strait is open for oil tankers will remain a catalyst for all global assets until clarity is gained. In the meantime a whirlwind of noise and threats from President Trump, the U.S White House and Iran will remain a menace for all traders – small and large. Is the Strait of Hormuz open or closed?

Copy and paste the text from AMT that you want to share