MacroVoices Erik Townsend &amp; Patrick Ceresna welcome, Dr. Anas Alhajji. They’ll discuss Anas’s review on how we got into this conflict and why he still believes that it was the goal of the United States to close Hormuz. https://bit.ly/4wKIgvh 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4aRvmTW ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://secure.bigpicturetrading.com/membership/signup/fOY4YJYX 🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik&#x27;s Substack: https://eriktownsend.substack.com/

MacroVoices #541 Dr. Anas Alhajji: Bab el-Mandeb: The Next Oil Chokepoint Nobody's Watching

Macro Voices

Macro Voices Episode 541 was produced on July 16, 2026. I'm Eric Townsend. Dr. Anas Alhajji is back for what will be his most complete interview to date on the Hormuz crisis and how it evolved. We'll start with an update on the week's news and then step back and review how we got into this conflict and why Anas still believes that it was the goal of the United States to close Hormuz initially. I intentionally let this interview

run long. So make the popcorn and sit back for an extended-length interview with Dr. Anas Alhajji on how the Strait of Hormuz crisis came to be. Then stay tuned for our new and improved Macro Voices trading desk where Patrick and Maciel will deliver a fast-paced market wrap featuring Patrick's trade of the week, fresh positioning insights from the Commitment of Traders reports, and a concise breakdown of the key markets you need to watch. And I'm Patrick Ceresna. The S&P 500 spent the

week consolidating near its 52-week highs but has yet to break above the June peak, which continues to act as near-term overhead resistance. Crude oil delivered another major advance, gaining nearly $9 or roughly 1,280 basis points week over week as it moved up to test its 50-day moving average. Meanwhile, gold remains notably weak near its June and July lows, raising the question of whether

another leg lower is about to begin. We'll discuss this and more after the interview. This week's feature interview guest is oil market expert Anas Alhajji. Eric and Anas discuss the outlook for crude oil and refined products, why the real bottleneck may be in refining rather than the raw oil supply, and how geopolitics, energy security, LNG, and AI-driven power demand are reshaping

MacroVoices #541 Dr. Anas Alhajji: Bab el-Mandeb: The Next Oil Chokepoint Nobody's Watching

Read the full transcript

The candid version is on a podcast,
not the earnings call.

MacroVoices #541 Dr. Anas Alhajji: Bab el-Mandeb: The Next Oil Chokepoint Nobody's Watching

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.