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Macro Finance

A Dozen Ships Switch Oil Outside Hormuz as US Touts Transits

Bloomberg Markets·August 11, 2026·1 min read

A key oil supply valve from the Middle East involving shuttle transits through the Strait of Hormuz continues to function despite a recent spate of attacks. The US touts ongoing transits as a sign of resilience, even as the US-Iran war threatens broader disruptions to global oil flows through the critical chokepoint.

Read at Bloomberg Markets
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