The global economy is already looking at some real shortages of key commodities.  If the blockade lasts for any material amount of time (just a few weeks), it will create the kind of serious shortages that will create a global shutdown.  This does not mean we'll see a repeat of the sudden pandemic crash of 2020, but it will still be serious.  Therefore, we expect the President to get a deal done with Iran soon......The markets are already sniffing this out, so they are rallying again, but we won't see the kind of sustained rebound we saw last year (after the tariff panic).