Thursday Afternoon Links

[CNBC] Dow dives 700 points as oil jumps, Iran says it will keep Strait of Hormuz shut: Live updates

[Yahoo/Bloomberg] Oil Climbs as Traders Weigh Outlook for Hormuz Tanker Traffic

[Yahoo/Bloomberg] Gold Slips as War Hikes Oil Prices and Dims Fed Rate-Cut Outlook

[Yahoo/Bloomberg] Iran Leader Says Hormuz to Stay Shut, Trump Shrugs Off Oil

[AP] Live updates: Iran’s supreme leader issues first statement, vowing to avenge those killed in the war

[ABC] Israel prepares to expand activity in Lebanon as conflict with Hezbollah escalates

[AP] Iran-linked hackers take aim at US and other targets, raising risk of cyberattacks during war

[Axios] What it will mean for the economy if the Strait of Hormuz stays closed

[Yahoo Finance] Trump's plan to release 172 million barrels from oil reserves would cut US energy backstop by over 40%

[CNBC] As Iran war heightens affordability issues, don’t expect the Fed to ‘ride in and save the day,’ analyst says

[Reuters] US facing headwinds in trade negotiations with Canada, US ambassador says

[Politico] Time runs out to avert new trade war as US patience with EU wears thin

[Bloomberg] Private Credit’s ‘Back Leverage’ Is Another Pain Point for Funds

[Bloomberg] Putin’s ‘Hidden Hand’ Guides Iran’s Strikes in Widening Conflict

[Bloomberg] US Allies Near China on Edge as Weapons Shift From Asia to Iran

[NYT] Oil Shock Sends Tremors Through World Economy: ‘This Really Is the Big One’

[NYT] War With Iran Puts Further Strain on America’s Pessimistic Farmers

[WSJ] Airfares Have Doubled on Some Flights. The Sticker Shock for Spring Travel Is Upon Us.

[FT] ‘Sitting ducks’: oil tankers trapped in Gulf as Iran widens attacks on shipping

[FT] How the Iran war will change global business