July 17, 2026 – Chase Taylor breaks down another rise in oil prices as shipping through the Strait of Hormuz remains severely restricted and the risk of disruption spreads toward the Red Sea. The market appears to assume the United States can de-escalate whenever it chooses—but what happens if Iran decides not to stop? Chase examines the low-probability, high-impact scenario that could send oil sharply higher, along with China’s latest AI breakthrough, weakness in the biggest technology names, a potential turnaround in New Zealand, and why modern warfare is exposing serious flaws in America’s defense strategy.
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