The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes - Fortune
The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes - Fortune
Source: Fortune
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DW NOTE
The Strait reopened three weeks ago. If the world were genuinely pivoting away from Persian Gulf oil, Brent wouldn't have just rallied 15.9% in a week on supply jitters. Markets don't hedge against dependencies they've already eliminated.