Odd Lots

The Chokepoint to End All Chokepoints

What matters is relative flows.

Jet fuel tanks at Toronto Island Airport in Toronto, Ontario, Canada, on Wednesday, March 18, 2026. Gasoline, diesel and jet fuel prices have jumped, as the conflict between the US, Israel and Iran chokes off oil shipments through the Strait of Hormuz.Photographer: Cole Burston/Bloomberg

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By Joe Weisenthal and Tracy Alloway

March 23, 2026 at 3:17 PM UTC

This article is for subscribers only.

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.

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