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ICE Offers Tanker Derivatives for Route Outside Strait of Hormuz
Source: Bloomberg
Futures & OptionsGeopolitics & WarEnergy Markets & PricesTransportation & LogisticsProduct Launches
Intercontinental Exchange said it will offer tanker derivatives contracts based on a route outside the Strait of Hormuz. The launch responds to disruption of the oil-shipping industry’s main benchmark amid the Iran war; the article gives no contract specifications or expected market effects.
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