It's Now A Dual Attrition Race

It's Now A Dual Attrition Race By Michael Every of Rabobank Oil vey Hormuz mir! Oil swung (far less than Monday) yesterday on a tweet from the US Energy Secretary saying the US Navy had escorted an oil tanker through Hormuz: that was deleted, and the Navy then stated it can’t do that because of the risks involved – vessels there are still sitting ducks. Iran continued to attack the Gulf states’ energy infrastructure and claimed “not a single litre” of oil will exit until the US...

By Tyler Durden