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UBS On-Air: Paul Donovan Daily Audio 'The Hormuz run'
Published 1 month, 2 weeks ago
Description
Media reports suggest a China-owned tanker is attempting the Strait of Hormuz run (impressive, but can it do the Kessel run in 12 parsecs?). This defies the reported US naval blockade, and will be considered a test of whether US policy has any leverage with Iran. Commodity traders are looking on the bright side of life, interpreting US President Trump’s comments as signaling a willingness to talk.