Eugenio Catone @CatoneEugenio: "Following the escalation around Hormuz..."

Italy

Following the escalation around Hormuz and yet another blockade choking transit through the strait, the Houthis (Yemen) are now threatening to target Bab al-Mandeb—a move that would deal a knockout blow to Arab exports. Oil has bounced back over the past ten days, though it’s still well below its $120 peak. That said, I’d keep a very close eye on Yemen: if a full blockade of Bab al-Mandeb materializes, crude will instantly surge back into triple digits, driving inflation well above the 2% target for the foreseeable future. That said, battle-tested businesses designed to churn out steady earnings even in tough environments should hold up well. In fact, I have added several of them to our portfolio over the last few months. ca.finance.yahoo.com/news/houthis-announce-immediate-maritime-blockade-125214231.html $SPX500 $NSDQ100 $OIL $OIL.24-7 $EuroOIL

Not investment advice. The author may have financial interests in the mentioned instruments.