Strait of Hormuz Escalation Reprices Oil Supply Risk Premium
Trump’s announcement that Iran shot down a US helicopter over the Strait of Hormuz just reset the geopolitical risk discount embedded in crude markets—and the repricing is only beginning. WTI plunged 3.35% to $88.24 despite a supply shock that would have sent prices soaring a decade ago, revealing a market more worried about demand destruction … Read more