# The Hormuz "Blockade" Has Fine Print | So Does the SA Fuel Crisis

An episode of [WorldWide Markets with Simon Brown](https://invisiblenetwork.ai/podcast/962733842), 14 Apr 2026, 21 min.

Audio: https://traffic.libsyn.com/secure/justonelap/WorldWideMarkets_674_20260415.mp3?dest-id=244998

US results season opens with Goldman Sachs and Johnson & Johnson both beating expectations — but the more interesting story is what those results don't show yet: the full impact of Middle East conflict and Trump's drug pricing pressure. Simon also unpacks South Africa's looming fuel crisis and makes the economic case for working from home, a new 100% offshore ETF listing on the JSE from ETFSA, and an ASP Isotopes update for those holding a speculative position. FNB's FCA-mandated R11.9bn provision for undisclosed UK vehicle finance commissions gets a full breakdown, as does the nuanced reality of the Straits of Hormuz "blockade" — it has T's and C's. Plus a long-overdue Bitcoin check-in. WorldWideMarkets is part of JustOneLap.com.

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