Erdogan calls for Strait of Hormuz to reopen as Iran maintains blockade
Turkish President Erdogan called for the Strait of Hormuz to reopen, saying global oil flows must resume, and stated both Turkey and Iran support keeping oil moving through the strategic waterway. This comes as Iran has vowed to enforce a blockade of the strait, with Hormuz traffic having collapsed to 2 ships versus the usual 130+ and Brent rising ~6% in the week.
Detected & updated continuously · Source: Nebula
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@_morkie
JUST IN: Turkish President Erdogan calls for the Strait of Hormuz to reopen, saying global oil flows must resume. He says both Turkey and Iran support keeping oil moving through the strategic waterway.
@StillADog
Donald Trump told to 'accept defeat' as Iran vows to enforce Strait of Hormuz blockade https://t.co/53j7D1NEaO
@CryptoLifer33
Oil is throwing haymakers again. Hormuz traffic basically vanished (2 ships vs the usual 130+). Brent ripped ~6% this week while retail sales printed -0.6%. That cocktail is why 63k feels like wet cement. Clear the energy shock and risk wakes up fast.