Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply Risks - WSJ

Source: WSJ

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DW NOTE

The Hormuz closure is six months old and 2,000 ships are still stranded in the Gulf. If oil is only now rising on "renewed fighting," it means the market spent half a year pricing the world's most critical energy chokepoint as a temporary inconvenience. Brent is still 20% below its recent peak despite 20% of global oil supply offline.

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