US Naval Escort Won't "100% Guarantee" Tanker Safety In Hormuz Chokepoint: Report

US Naval Escort Won't "100% Guarantee" Tanker Safety In Hormuz Chokepoint: Report

US Naval Escort Won't "100% Guarantee" Tanker Safety In Hormuz Chokepoint: Report The paralyzed Hormuz chokepoint is becoming the worst disruption to global energy flows ever, as actual barrels quickly disappear from oil markets, driving prices sharply higher in Asia toward $150 per barrel and potentially setting the stage for demand destruction in the weeks ahead. The oil market has fragmented: Oil is now trading for $150/bbl in Asia (except the occasional sanctioned Iranian ta...

By Tyler Durden