Clear essays and notes on economics, markets, politics, and power.
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Werner MoutonPoliticians say nothing
This essay lambasts Starmer and Macron’s empty Iran‑war rhetoric: they promise a “multilateral” mission to reopen Hormuz only after Trump ends the war, taking no action as Gaza suffers.
The Strait and the Trap
Invoking Thucydides, the essay shows Iran’s harassment of ships in the Strait of Hormuz turned insurance risk into strategic leverage after US‑Israeli strikes, revealing a structural trap beyond military strength.