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Hormuz Oil Flow Disruptions and Record Tanker Rates Ignite Crude Rally

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Strait of Hormuz transit disruptions and conflicting flow data drive tanker rates to record highs.
  • Fleets are actively avoiding Persian Gulf waters, severely choking crude supply routes and driving upward pressure across global oil markets.
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