WTI

  • Beyond the Strait: 30-40% of Gulf Refining Capacity Is Already Gone

    Beyond the Strait: 30-40% of Gulf Refining Capacity Is Already Gone

    The Market Is Watching the Wrong Number Brent crude hit $105.73 on Friday. Everyone is tracking the Strait of Hormuz. Nobody is talking about what is already broken. The ceasefire is holding. Just. The US naval blockade of Iranian ports is still active. Iran is still seizing ships. Both sides are using economic strangulation as…

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