Oil prices climb as US-Iran attacks intensify, Hormuz traffic stalls - Al-Monitor
Oil prices climb as US-Iran attacks intensify, Hormuz traffic stalls - Al-Monitor
Source: Al-Monitor
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DW NOTE
The Strait of Hormuz has been closed for 138 days. Oil is up 14-16% this week but still trading 27-29% below one-year highs. That gap is the market pricing in reopening — which the June 17 ceasefire extension was supposed to deliver and hasn't.