Iran War Forces a Rewrite of Global Oil Trade Routes
Iran War Forces a Rewrite of Global Oil Trade Routes
Source: Oilprice.com
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DW NOTE
The Strait has been shut for six months. At this point calling anything a "rewrite" understates it — this is what global oil trade looks like now. The 80,000 barrel-per-day demand destruction is the market telling refiners they can't afford the new routes at these prices.