Jun. 28 at 5:17 PM
$USO US/Navy is not going to have the IGRC dictate whether it’s open or closed. Ships/tankers have been taking the southern route closer to Oman and less with the middle and northern routes. Have to remember that as long as supply is coming through it’s basically 50/50. The initial oil shock is no longer a major price mover as it was back in Spring.