Jul. 12 at 9:47 AM
$STNG https://www.aljazeera.com/news/liveblog/2026/7/12/iran-war-live-irgc-declares-strait-of-hormuz-closed-over-us-interference
SoH closes again...rates never collapsed they just dipped down from recent highs. Now I'd expect a solid spike. Given past behavior and commentary from President Trump Iranian leadership has little reason to trust any extension of an olive branch. How long do you all think this war disruption will last?
As the world looks to refill its reserves and ready itself for winter there will be tighter ship supply, longer routes, increased insurance, and yes, it will cost everybody, higher rates. My question is at what point could this turn into a supercycle situation like what we saw after Ukraine?
