US attacks oil tanker in strait of Hormuz as strikes reported in Tehran - The Guardian
US attacks oil tanker in strait of Hormuz as strikes reported in Tehran - The Guardian
Source: The Guardian
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DW NOTE
The US has opened a second front in the Gulf while Iran's closure of Hormuz enters its third day. Oil is up 9% this week and still trading 28% below its annual high — a blockade of the world's most critical energy chokepoint is being priced as a temporary inconvenience. Markets that assign 60% odds to a September rate hike aren't pricing in war, they're pricing in a trading opportunity.