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in postLONG
“All vessels that transit the Strait of Hormuz will have to secure a mandatory insurance policy”
@KobeissiLetter · The Kobeissi Letter
Iran's Hormuz insurance mandates and forced routing inflate tanker operating costs while simultaneously spiking freight rates, boosting tanker operators like Frontline.
FROLONG@ $41.62
$40.08-3.70%
since call Jun 19
in postLONG
“Iran has declared that ships cannot cross the Strait of Hormuz without its permission, setting the stage for future tolling arrangements by saying it could intr”
@KobeissiLetter · The Kobeissi Letter
Iran's Hormuz control assertion threatens ~20% of global oil transit, driving WTI crude sharply higher on supply shock risk.
WTILONG@ $76.32
$87.97+15.27%
since call Jun 19
peak +23.5%
TIMESTAMPS
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