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Fundamental Analysis Posted 1 hour ago

Iraq Seeks Tanker Routes Beyond Strait of Hormuz

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Iraq is hiring tankers to transport fuel oil via alternate routes bypassing the Strait of Hormuz, signaling efforts to reduce chokepoint exposure. This reflects broader supply-chain diversification amid shipping-cost pressures and geopolitical risk. Crude logistics shifts affect CAD through oil pricing and EUR through energy-cost pass-through to Eurozone inflation—key to current sovereign-spread repricing.
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