Breaking
Posted 16 hours ago
Iranian Attacks Force Supertankers Away From Persian Gulf Hub
At least 10 very large crude carriers and several Suezmax vessels have reversed course or stopped near Fujairah, UAE, as Iranian attacks escalate around the Strait of Hormuz. Shipping disruptions to this critical oil transfer point threaten crude flows and supply costs. Markets have priced in geopolitical escalation as structural; watch BOC Governor Macklem speeches (14, 16 Oct) for spillover to CAD via oil repricing.
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