A ‘full normalization scenario’ for oil is still out of reach — even with the Strait of Hormuz now open

  • Thread starter Thread starter Myra P. Saefong, Isabel Wang
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Myra P. Saefong, Isabel Wang

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About seven weeks after the start of the conflict in the Middle East, Iran announced on Friday that a crucial maritime passageway for seaborne oil was “completely open” for commercial vessels — but only as long as the Lebanon-Israel cease-fire agreement is in effect.

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