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#HormuzShippingCrunch

Q: What is HormuzShippingCrunch?

HormuzShippingCrunch is Brent touched $98.06/bbl intraday on Sep 7 and settled at $97.31, its highest since July 24, while WTI reached $93.29. The move followed US strikes on three Iranian tankers on Sep 5, after which Iran said it had hit tankers transiting the Strait of Hormuz and US linked vessels. Kpler shows an average of only about 10 commercial ships a day passing through Hormuz over the past 10 days, the lowest since May. If the corridor tightens further, the risk premium could become a real supply shock.. Follow this topic on OKX Orbit for the latest community posts and token insights.

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About HormuzShippingCrunch

Brent touched $98.06/bbl intraday on Sep 7 and settled at $97.31, its highest since July 24, while WTI reached $93.29. The move followed US strikes on three Iranian tankers on Sep 5, after which Iran said it had hit tankers transiting the Strait of Hormuz and US linked vessels. Kpler shows an average of only about 10 commercial ships a day passing through Hormuz over the past 10 days, the lowest since May. If the corridor tightens further, the risk premium could become a real supply shock.

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