Strait of Hormuz, Marco Rubio
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Iran, Strait of Hormuz
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Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
Kevin Hassett expects inflation to fall by year's end as energy prices decline, pointing to strong economic momentum and falling Treasury yields.
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
As Iranian brass maintains mixed messaging on whether the country will levy tolls for vesselsto pass, Freightos warns a sudden reopening could trigger Far East port congestion.
Tanker explosion near Oman raises concerns over Strait of Hormuz security. Traffic normal by July 31 at 62.5% YES.
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
Morning Overview on MSN
Iran’s Ghadir-class midget subs are maneuvering undetected around US carriers in the Strait of Hormuz — surfacing within striking distance before vanishing back underwater
The Strait of Hormuz is barely 21 miles wide at its narrowest point, and the shipping lanes that 20 percent of the world’s oil passes through are tighter still: two corridors roughly six miles across each,
Iran accused the US of violating a ceasefire after strikes in Hormozgan as oil climbed towards $100 and Hormuz talks faced delays