Tankers U-Turn as the IRGC Says Strait of Hormuz is Closed: What Happens Next is Anyone’s Guess and Price Volatility Looks to Be Short Term
In a fluid and confusing situation that has maritime operators on edge, several tankers and cargo vessels executed abrupt U-turns in the Strait of Hormuz over the past 48 hours after Iran’s Islamic Revolutionary Guard Corps (IRGC) signaled a return to tight control of the waterway. While Iran’s foreign minister declared the strait “completely open” […]
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