The Strait of Hormuz is now dominating global market coverage: The number of stories mentioning "Hormuz" on the Bloomberg terminal is up to a record 62,010 this month. This marks a +4,084% increase since the end of February. This also exceeds stories mentioning "ChatGPT" by +1,359%. Even at its February 2023 peak, "ChatGPT" stories only reached 17,990, or -71% lower than "Hormuz" today. This comes as the Strait of Hormuz, a route for ~20% of global oil supply, remains largely closed to shipping amid the Iran War. The entire world is watching the Strait of Hormuz.(The Kobeissi Letter)