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Are We Misreading The Oil Demand Shock From Hormuz?

Source: forbes.com

Geopolitics & WarEnergy Markets & Prices
Are We Misreading The Oil Demand Shock From Hormuz?

Following US and Israeli strikes on Iran, market expectations formed that oil would spike briefly and then revert toward pre-war levels after the Strait of Hormuz reopens. The implied takeaway is a near-term supply-risk-driven price shock with a normalization scenario, but with underlying risk that delays or escalation could prolong higher crude prices.

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