Energy

Yields rise, oil jumps; US and Iran resume military attacks - Reuters

Source: Reuters

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DW NOTE

The Strait of Hormuz has been effectively closed since August 31 with only three ships transiting versus the usual 85 per day, yet WTI is down 24% from its one-year high and Brent is off 25% from peak. Either markets are pricing in a swift resolution or they've stopped believing supply shocks matter when central banks won't respond.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Yields rise, oil jumps; US and Iran resume military attacks - Reuters

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