Strait of Hormuz: The unrelenting crisis in the Persian Gulf continues

The front-month ICE Brent contract continues to trade near the $90/bbl mark as ongoing tensions in the Middle East show no signs of de-escalation. Merchant vessels continue to come under attack while attempting to pass through the Strait of Hormuz, the United Kingdom Maritime Trade Operations (UKMTO) reported. A commercial tanker was struck by an ...

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