Iran, Strait of Hormuz and Oil Prices
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An Iraqi oil tanker exits the Strait of Hormuz, marking increased shipping activity amid ongoing regional tensions.
SEOUL, April 20 (Reuters) - An oil tanker is heading to discharge its cargo at South Korean refiner Hyundai Oilbank after passing through the Strait of Hormuz, shipping data showed. The Malta-flagged Odessa passed through the strait on April 13,
Even if transits normalize, the “available but not easy to secure” dynamic can keep rates supported longer than the first-wave spike. Key Risk: Hormuz transits rebound fast enough that tonnage becomes broadly available (not just “ballast exists”),