Chaos in Hormuz Should Be a Reality Check for Oil Prices
Commodity flows from the Persian Gulf are back at a near-standstill, a reminder of the intractable nature of the war in Iran.
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Welcome to our guide to the commodities driving the global economy. Today, oil and shipping reporter Weilun Soon says the mayhem in the Persian Gulf doesn’t bode well for both ending the war and restraining crude prices.
The chaos in the Strait of Hormuz over the weekend was a reality check for the oil market about how hard it will be to reopen the vital waterway.