Today's episode explores the precarious window before maritime energy buffers run dry and the systemic panic of a potential June 2026 fuel crisis. We analyze how the convergence of the US-China tech arms race, the rise of the agentic economy, and the shift toward programmable privacy is forcing a global, structural renegotiation of trust and control.

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0:00 - Introduction
1:07 - The Strait of Hormuz Standoff and Global Energy Volatility
6:46 - Shifting Landscapes in Private Credit and Global Macro
12:46 - The Rise of the Agentic Economy and AI Infrastructure
17:50 - The Great US-China Tech Arms Race
21:49 - Crypto Regulation and the Programmable Privacy Frontier
24:41 - Conclusion

Referenced sources:
The Launch of Claude 'Dreaming' by Anthropic (AI Insights: AI News, Eyewitness Accounts)
73 Strings' Yann Magnan - unlocking valuation intelligence in private markets (Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets)
Previewing the Trump-Xi Summit (Bloomberg Daybreak: Asia Edition)
Trump Seeks Iran War Exit, BOE Doubts UK Eco Data, Lada Seller To Billionaire (Bloomberg Daybreak: Europe Edition)
Bloomberg Surveillance TV May 7th, 2026 (Bloomberg Surveillance)
Outlook for Oil and Market All-Time Highs (Bloomberg Surveillance)
GameStop's wild bid for eBay (FT News Briefing)
Alternative Realities How will portfolios evolve with inflation, credit and innovation (Insights Now)
MacroVoices #531 Louis-Vincent Gave Semiconductors, AI & Iran Conflict (Macro Voices)
Why are Labour so aggressive on the Greens (Political Currency)
The Myth of Model Wars Open vs Closed AI in 2026 (Practical AI)
Retail, ABF and diversification - key takeaways from the PDI Europe Summit (Private Debt Investor Podcast)
How China Wins The AI War (Prof G Markets)
Surprise Elon Anthropic Team Up Reshapes the AI Race (The AI Daily Brief: Artificial Intelligence News and Analysis)
Anthropic's Launches Claude Dreaming, Buys SpaceX Compute (The AI Podcast)
HarbourVest Expects Private Credit Secondaries Volume to Double (The Credit Edge by Bloomberg Intelligence)
Rational Security The I've Never Done THAT Before! Edition (The Lawfare Podcast)
How to Trade Oil Now (The Markets)
How to Find the Agent Failures Your Evals Miss with Scott Clark - #767 (The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence))
Crypto Fund 5 We Raised $2.2B. Here's Why. (The a16z Show)
Special Encore AI's Next Big Leap (Thoughts on the Market)
Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 63) (UBS On-Air: Market Moves)
Top of the Morning Emerging market equities - New drivers, new risks, and what to watch next (UBS On-Air: Market Moves)
UBS On-Air Paul Donovan Daily Audio 'Markets still want to believe' (UBS On-Air: Market Moves)
DEX in the City With the Stablecoin Yield Compromise, Can the Clarity Act Get Passed (Unchained)
A16z Crypto Raised $2.2 Billion for Fund 5. Here's How They Plan to Deploy It (Unchained)
The Buy America trade (Unhedged)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.