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Episode 88: The ceasefire that changed nothing. Where does oil go from here?
The ceasefire is two days old. Nothing has changed on the water.
Sea mines in the channel. IRGC still threatening vessels. No owners willing to move. Hormuz flows stuck below 50% for at least another month.
Paper sold off hard on the headlines. Already rebounding. Physical premiums at records across crude, naphtha, and diesel. Every risk-off dip is looking like a buying opportunity.
Chapters:
(00:43) Ceasefire reality check
Neil sets the scene: day two of the ceasefire, sea mines in the Strait, IRGC threats to shipping, and why a tollbooth system under Iranian control is likely the only…
The skinny
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