A three-hit combo—ending the lengthy debate, lifting the Strait fee, and the Iran blockade—stacks on top of the September shutdown crisis, and the market’s volatility is set to soar again as geopolitical powder kegs flare up.

Trump says the filibuster rules should be abolished, otherwise the government could shut down in September; he also says the future may involve operating the Strait of Hormuz and becoming a guardian, charging a 20% fee on all cargo to cover costs, and announcing the restoration of sanctions on Iran to crack down on its non-compliance. The strait is open to other countries, and the relevant procedures will be initiated.