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Iran war: Oil banking on phantom deal

Oil prices are running ahead of reality, pricing in a permanent US-Iran peace deal that does not yet exist. Brent crude’s price has drifted lower, despite reports of commercial shipping coming under attack in the Strait of Hormuz recently. Another commercial vessel was hit by an unknown projectile about 20 nautical miles northeast of Al ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

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