Master And Commander-In-Chief By Benjamin Picton, senior market strategist at Rabobank April – 2026. The IRGC is master of the Strait of Hormuz. Only the American fleet stands before them. Oceans are now battlefields. Financial markets are back in a risk-off mood today following news over the weekend that US-Iran peace talks ended without agreement and a statement by CENTCOM that the United States will be initiating its own blockade of the Strait of Hormuz from today. Preside...