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THE WANG REPORT · EVENING EDITION
Monday, July 13, 2026

CL Iran's closure of the Strait of Hormuz followed the strikes fast enough to suggest the order was drafted before the strikes landed. Hong Kong's shipping desks spent the day recalculating routes nobody wanted to recalculate. By dinner time, the Gulf was Hong Kong's problem too.-- CL
MB Iran shut the Hormuz strait. Washington answered with a second round of strikes, and both capitals will spend tomorrow calling it proportionate. In Hong Kong, the police chief defended freezing pay for the force's lowest earners. Neither government led with the arithmetic.-- MB
MBInstitutions are telling you Hormuz is closed, Iran is closed, and the banking system is fine, and tonight only one of those three claims is actually load bearing. *, MB*
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