Episode 82: Hormuz stays shut: products, freight and the real market squeeze

Trade with Conviction · Mar 9, 2026 · 40m

This emergency episode unpacks the market fallout from the continued closure of the Strait of Hormuz and why the real issue is no longer just crude, but the knock on impact across products, refinery runs and freight. The team looks at why SPR releases are unlikely to solve a disruption of this scale, how Asia is absorbing the biggest immediate hit, why gasoline, jet and distillates are becoming the real pressure points, and how freight markets are reacting as trade flows are forced to reroute. Across the discussion, the central takeaway is clear: until the strait reopens, every other market…