April 14, 2026 ~ Managing Director and Portfolio Managing Director and portfolio manager at Ancora Bloomfield Hills David Sowerby discusses what, if any effect the blockade on the Strait of Hormuz is having on the markets.
IRAN ~ The U.S. blockade of the Strait entered its second day Tuesday as Pakistan continues to try to revive direct negotiations between the U.S. and Iran.
The blockade went into effect Monday morning after talks between the two nations fell apart over the weekend, which is blocking all traffic to and from Iranian ports, while working to allow traffic related to other Gulf ports. Vice President JD Vance claims Iran is committing “economic terrorism with its closure of the Strait to its adversaries, which began over a month ago in retaliation for the U.S. and Israel’s bombing of Iran.
Iran’s military accused the U.S. of piracy with the active blockade.
