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The chokepoint premium turns physical: Brent settles at $116.72 as October becomes the worst month on record for Hormuz vessel attacks
A record month for attacks on commercial shipping, the largest forced emergency stock release in IEA history and a Qatari exporter buying American LNG describe a single market problem: deliverability, not barrels, is what is now scarce. For Nigeria and West African waste-feedstock exporters the transmission runs through landed fuel costs, freight and the absence of any regional UCO benchmark — not through the crude curve itself.
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