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Tina Fordham
Fordham Global Foresight
First call on the ledger
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Where they stand
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Against the day's 5 percent oil drop: doubts the White House accepts the Iran-Oman Hormuz arrangement. EVENT: wont.
The Omanis and Iran have been discussing a deal on the waterway. I don't see how the White House will agree to this. And so we have this constant cycle of escalation and de-escalation.
WTI crude since this was said: ▼ -7.1% · 80.34 → 74.66 · as of 2026-08-05
The war left Iran with more Hormuz leverage than seven months ago; asymmetric power markets misprice.
Iran has been strengthened counterintuitively by this conflict, after this conflict.
WTI crude since this was said: ▼ -7.1% · 80.34 → 74.66 · as of 2026-08-05
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