Dollar falters after Iran's offer to reopen Hormuz sends oil lower - Kitco

Dollar falters after Iran's offer to reopen Hormuz sends oil lower - Kitco

Source: Kitco

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DW NOTE

Iran has blocked the Strait for seven months. Oil just fell 14% in a week. Either the market believes Tehran will actually reopen it this time, or traders have decided the blockade no longer matters. Neither interpretation suggests rational price discovery.

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