The Market Ticker - An Oily Conundrum
The Strait of Hormuz is closed. Oh, you can claim otherwise, but it is effectively closed. The claims of our government otherwise are simply not borne out in the supply of oil; you can claim something went through a channel but then it has to wind up somewhere, and it hasn’t.
Never mind Marinetraffic which continues to show a crap-ton of vessels at anchor on both sides of it rather than moving through it — and a crap-ton of tankers that are “technically” moving, but at a fraction of a knot.
There are a lot of vessels just sitting in the gulf. Its fair to presume they have crews…….
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Source: https://market-ticker.org/akcs-www?post=255827
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