Last mentioned: Mar 11, 2026
Emergency Regulations
India, Thailand, and Philippines announce energy conservation and labor mandates.
Global Austerity
IMF warns of GDP contraction; SE Asian nations implement emergency energy-saving protocols.
Market Peak
Oil prices hit a peak of nearly $120 per barrel before settling near $90.
Hormuz Blockade
Effective shutdown of the Strait begins, trapping 20 million barrels of oil per day.
Market Shock
Oil prices peak at nearly $120 as 20% of world oil supply is cut off.
Missile Strikes
U.S. and Israel launch strikes killing Iranian leader Ayatollah Ali Khamenei.
Missile Strikes
U.S. and Israel launch strikes killing Ayatollah Ali Khamenei; Strait of Hormuz is effectively closed.
Pre-Conflict Stability
Oil prices trade below $70 per barrel with normal traffic through the Strait of Hormuz.
Pre-Conflict Baseline
Oil prices trade below $70 per barrel with stable global supply.
IMF Economic Review
IMF releases findings urging the US to work with partners to ease trade curbs.
New Global Tariff
Trump taps a different law to impose a new 10% global tariff, threatening a 15% hike.
Supreme Court Ruling
The US Supreme Court strikes down several of the administration's key tariff policies.
IMF Economic Review
The IMF releases its review of the US economy, calling for a coordinated reduction in trade restrictions.
High-Level Meetings
Kristalina Georgieva meets with Treasury Secretary Scott Bessent and Fed Chair Jerome Powell.
IMF Review Released
The IMF issues its formal review urging the U.S. to ease trade restrictions and coordinate with partners.
High-Level Consultations
IMF Chief Georgieva meets with Treasury Secretary Scott Bessent and Fed Chair Jerome Powell.
New Tariff Invocation
Trump taps a different law to impose a new 10% global tariff in response to the court ruling.
New Tariff Invocation
President Trump taps a different legal authority to impose a 10% global tariff.
Supreme Court Ruling
The US Supreme Court strikes down a significant portion of the Trump administration's initial tariff regime.
Supreme Court Ruling
The U.S. Supreme Court strikes down several of the Trump administration's initial tariff measures.
The effective closure of the Strait of Hormuz following U.S. and Israeli missile strikes has removed 20 million barrels of oil per day from the market, sending prices as high as $120. This geopolitical shock is driving global inflation, threatening food security in emerging markets, and forcing drastic energy conservation measures across Asia.
The effective closure of the Strait of Hormuz following U.S.-Israeli strikes on Iran has sent oil prices soaring and disrupted global supply chains. This 'nightmare scenario' is forcing central banks to recalibrate inflation strategies while governments implement emergency energy conservation and labor mandates.
The International Monetary Fund has urged the United States to pivot toward multilateral cooperation and ease trade restrictions following a year of aggressive tariff policies. While the IMF acknowledges valid concerns regarding the U.S. trade deficit, it warned that current protectionist measures and rising public debt pose significant risks to global financial stability.
The International Monetary Fund has formally called on the United States to ease trade restrictions and coordinate with global partners to reduce supply chain volatility. Following a year of aggressive tariff implementation under the second Trump administration, the IMF warns that inconsistent trade policies are destabilizing markets and distorting global industrial policy.
The International Monetary Fund has urged the United States to coordinate with global partners to reduce trade restrictions following a turbulent first year of the second Trump administration. Despite a recent Supreme Court ruling striking down previous trade curbs, the administration has invoked new legal authorities to impose a 10% global tariff.