THE IMF’S MESSAGE: UNCERTAINTY IS THE NEW NORMAL Forget confident predictions. Those days are gone. The International Monetary Fund is no longer telling the world, “Here’s what will happen.” Instead, they’re gaming out scenarios—best case, bad case, and downright ugly. Why? Because everything now hinges on war and energy. And war is chaos. War is unpredictable. War rewrites economies overnight. Right now, even the IMF admits we’re drifting somewhere between “not great” and “getting worse.” That should get your attention. THE ENERGY CHOKEPOINT THAT CHANGES EVERYTHING There’s one phrase buried in all this that matters more than anything else: Strait of Hormuz. That’s not just geography. That’s a lifeline. A bottleneck for global oil and gas. And when that flow…

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