Oil markets may be celebrating the U.S.-Iran peace deal too early, as reopening the Strait of Hormuz will not immediately restore tanker traffic, production, refining activity, or insurance coverage.
Oil markets may be premature in celebrating the U.S.-Iran peace deal, as immediate benefits are unlikely. Reopening the Strait of Hormuz will not instantly restore tanker traffic, oil production, refining activity, or crucial insurance coverage. This suggests that positive…
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