Global Macro Update The New "Hemispheric Doctrine"
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Mar 13, 2026 Jacob Shapiro, geopolitical strategist who frames long-term conflict and energy risks. He explores how the US-Israel campaign reshapes Gulf states' financial ambitions. He examines the Strait of Hormuz as a strategic choke point. He discusses incentives for faster energy transition and how U.S. actions accelerate a more multipolar world.
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Gulf Financial Hub Dream Is Dead
- Gulf states' ambition to become global financial hubs is undermined by regional instability and offensive foreign policies.
- Jacob Shapiro cites UAE actions, strikes against Gulf targets, and Iran's willingness to hit US-allied infrastructure as proof the glittering-future pitch no longer convinces capital owners.
Oil Price Rollercoaster Over Days
- Jacob recounts oil price swings he witnessed: $120 pre-sleep, around $100 after waking, then mid-$80s by recording.
- He uses this volatility anecdote to illustrate how fast markets reacted during the crisis and media lagged.
Strait Of Hormuz Creates Lasting Energy Vulnerability
- The Strait of Hormuz is a uniquely dangerous choke point whose long disruption changes global energy security calculus.
- Shapiro warns short blockages turned sustained create permanent incentive to diversify away from Middle Eastern hydrocarbons.