Oil Prices Rise as Traders Weigh Saudi Aramco Attack Report, Hormuz Shipping Risks - WSJ

Source: WSJ

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DW NOTE

Aramco under attack, the Strait closed for a fortnight, and oil is at $110 — not $200. Markets are pricing in reopening within days based on Iran's stated terms, not escalation. Either traders believe the diplomatic track or they've decided to ignore supply risk until a refinery actually runs dry.

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