Hormuz - It's The Amount of Time Closed. Your Friday Wrap

The Distilled Perspective From the Desk of Patrick T. Bulger
Capital Management & Analytics

• The Amount of Time Closed as an Economic Risk Factor
• The Choke of Goods from Transit
To the Rest of The World is a risk factor

• Reports are surfacing that vital resources are becoming scarce.

• Reports are also Conflicting as noted in the LinkedIn Post from April 8th. Link provided below:

Today's confllictig report:

TOP U.S. GENERAL CAINE ANNOUNCES THAT THE UNITED STATES IS FULLY IMPLEMENTING A BLOCKADE IN THE STRAIT OF HORMUZ.
8:20 AM · Apr 24, 2026

• Then, 6 minutes later:

HEGSETH REPORTS THAT TRANSIT THROUGH THE STRAIT OF HORMUZ IS TAKING PLACE.
8:26 AM · Apr 24, 2026

• Deja vu from April 8th post

Click for the LinkedIn original post

This would be in conflict with the Marine Traffic View.
This would be in conflict with the additional mine laying reports.
This would be in conflict with the ship insurance narrative.

• Conclusion

Traffic not yet flowing,
Problem of goods to economies not solved,
Portfolio risk potential appears to be rising.

In a theater of conflicting data,
The only thing that doesn't lie is the physical transit.

• More Importantly to You:

Is your portfolio management based on the 8:20 AM 'Blockade' headline or the 8:26 AM 'Open' report? 

• Staying Informed Is Simple:

Reach out to find out. Hit the "Ask" button.

Thanks for your time.
Talk soon,
PTB

(Headline Source: @FirstSquawk on X)
(Map Source: marinetraffic.com as of 8:30am 04-24-2026)

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