Oil tanker explodes in Strait of Hormuz as Iran vows waterway remains closed - NewsNation

Source: NewsNation

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DW NOTE

Iran closed the Strait in June. The ceasefire collapsed. Only 2 ships have transited since October 11 versus the normal 85 per day. Now a tanker has exploded. The market priced oil at $101.41 — up 10.41% in a week but still down 10.2% from the year high. That spread tells you traders still expect this to resolve. They shouldn't.

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