Good morning. Markets are reeling as the Iran war enters what Secretary of State Rubio tells G7 partners could be another 2-4 weeks of conflict, with oil hitting its highest levels since 2022 and traditional investment portfolios heading for their worst month in two years. Iran's strategic control over the mountainous Strait of Hormuz is proving devastatingly effective, with Tehran now floating plans to charge fees and limit passage to "non-hostile" ships even after the war ends - a move that could permanently reshape global shipping routes.
Meanwhile, in less earth-shaking but still notable news, Tiger Woods has been charged with driving under the influence following a Florida crash, adding another chapter to the golf legend's troubled personal history. On the tech front, GitHub is stirring up developer fury with plans to train AI on private repositories unless users opt out by April 24th, while Trump's new White House app includes a feature for reporting people to ICE. Christine Lagarde's measured response to the energy shock suggests central banks are preparing for prolonged economic turbulence ahead.