On Hormuz (and concretely leveraging geography)

I spent an evening going down a macro rabbit hole after reading Citrini Research’s field report on the Strait of Hormuz. One of their analysts was physically on the water near Oman, watching tankers transit through Iran’s checkpoint system, talking to fishermen and shipping captains. So sick. I texted some thoughts I’d had about it to my friend Cameron the next morning and our subsequence…