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UBS On-Air: Paul Donovan Daily Audio 'The return of the armchair generals'
Published 3 weeks, 6 days ago
Description
Iran struck tankers attempting to traverse the Strait of Hormuz, potentially undermining shipowners’ confidence in US protection. The Houthi struck at tankers in the Red Sea—this has always been a key area of vulnerability. Investors are likely to look for US conciliation as a de-escalation signal, and absent that have pushed oil prices higher.