Hi Folks, welcome back to Investment Income for Life. Looks look Iran has been making Donald Trump look like a fool. Donald said once again (for the millionth time) that a deal with Iran is now near. But Iran immediately deny any ongoing talks with US. Rather, they are only dealing with Oman with regard to the Straits of Hormuz. Hmm, let me try to summarise the dramatic turn of events below regarding the chaotic past week:

1. The Strait of Hormuz Standoff: High Stakes, Higher Oil Prices, and Endless Drama

If you’ve been keeping an eye on your portfolio’s energy sector over the past few days, you know the oil market has had more mood swings than a teenager without Wi-Fi. The source of all this theatrical anxiety? The Strait of Hormuz—the narrow maritime choke point through which a fifth of the world’s petroleum travels. Both the US and Iran claim progress is being made to reopen the waterway,...