Will the Strait of Hormuz Open and What Will Happen to Oil?
Trade $CL crude oil as the market closely monitors the situation surrounding the Strait of Hormuz, reacting to every new update.
Donald Trump declared that the strait has been de-mined, yet Iran maintains that a full re-opening has not yet occurred.
If maritime shipping genuinely begins to recover, the market can expect an influx of oil supply potentially eroding the geopolitical risk premium currently priced in.
The main question for the market right now: who will end up closer to the truth? As long as the situation around Hormuz remains uncertain, oil and related assets will stay extremely sensitive to any statements and news breaks.
#TRUMP #oil #Hormuz
Trade $CL crude oil as the market closely monitors the situation surrounding the Strait of Hormuz, reacting to every new update.
Donald Trump declared that the strait has been de-mined, yet Iran maintains that a full re-opening has not yet occurred.
If maritime shipping genuinely begins to recover, the market can expect an influx of oil supply potentially eroding the geopolitical risk premium currently priced in.
The main question for the market right now: who will end up closer to the truth? As long as the situation around Hormuz remains uncertain, oil and related assets will stay extremely sensitive to any statements and news breaks.
#TRUMP #oil #Hormuz
