Oil up nearly 10% as Iran blockade announced

It's all falling apart in the effort to end the war and restart freedom of navigation in Hormuz. Instead, it looks like the US will try to bring Iran to submission via a total blockade of the country. At the same time, it will try to ensure that oil continues to flow by escorting convoys of ships in the region, while charging a 20% toll. The likelihood of s…

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