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Sun Jan 12, 2020, 07:41 PM

Disruption in the Strait of Hormuz would be greatest black swan event in years for oil markets-S&P

‘The vulnerable spot’: Disruption in the Strait of Hormuz would be greatest ‘black swan’ event in years for oil markets – S&P

12 Jan, 2020 09:29

The growing hostilities between the United States and Iran have raised concerns about the possibility of disruption to a key shipping route in the Gulf region, and about the consequences for global oil markets.

According to analyst Dave Ernsberger of S&P Global, any disruption to what is probably the most vital chokepoint in the Middle East could become the largest ‘black swan’ occasion within the oil market.

Ernsberger who is the firm’s global head of commodities pricing, told CNBC that “the market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz.”

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https://www.rt.com/business/477835-biggest-black-swan-oil/

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Reply Disruption in the Strait of Hormuz would be greatest black swan event in years for oil markets-S&P (Original post)
RCW2014 Jan 12 OP
quad489 Jan 12 #1

Response to RCW2014 (Original post)

Sun Jan 12, 2020, 07:48 PM

1. Russia would love nothing better than to have that disruption happen...............right, comrade???

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