Iran: Strait of Hormuz, US allies and prediction markets

Iran closes the Strait of Hormuz and hits energy infrastructure in the Gulf. America’s European allies walk a tightrope. And online prediction markets are under scrutiny after Democrats levy accusations that they were used to bet on the war in Iran. *This podcast has been corrected to remove a reference to President Donald Trump backing a criminal indictment against Delcy Rodriguez, the new president of Venezuela. Listen to the Morning Bid podcast ⁠⁠here⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠. Find the Recommended Read here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices