The Iran Closure on the Strait of Hormuz Could Last to Labor Day: What It Means for Global Markets, Oil Prices, and the Physical vs. Paper Disconnect
The Strait of Hormuz — the narrow waterway through which roughly one-fifth of global oil and significant LNG volumes flow — has remained effectively closed since early March 2026 following the escalation of the U.S.-Israel-Iran conflict. Iran has suspended talks and signaled the blockade could become permanent absent major concessions. In a wide-ranging interview with […]
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