# Hormuz & The Terms of Trade Shock

Page: https://stenobird.com/podcast/the-macro-trading-floor-5344938/hormuz-the-terms-of-trade-shock
Text version: https://stenobird.com/podcast/the-macro-trading-floor-5344938/hormuz-the-terms-of-trade-shock.md
Podcast: [The Macro Trading Floor](https://stenobird.com/podcast/the-macro-trading-floor-5344938)
Published: 2026-03-06T14:37:00+00:00
Episode link: https://traffic.megaphone.fm/ALFINVESTMENTSTRATEGYBV7704026901.mp3
Audio file: https://traffic.megaphone.fm/ALFINVESTMENTSTRATEGYBV7704026901.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-macro-trading-floor-5344938/episodes/hormuz-the-terms-of-trade-shock
Duration seconds: 2222

## Resource

Alf and Brent discuss the terms of trade shock that the de-facto closure of the Strait of Hormuz is causing. The duo walk through scenarios and probabilities and what framework can be used to trade such a market environment,

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## Transcript

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