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UBS On-Air: Paul Donovan Daily Audio 'Tariffing Hormuz traffic?'
Published 2 months ago
Description
The Wall Street Journal reports US President Trump is considering a retreat from the Gulf without establishing control of the Strait of Hormuz. Investors, temperamentally inclined to look on the bright side, are focusing on the retreat and not the fact that an Iranian Hormuz toll would act a bit like US tariffs.