Yonhap Infomax NewsS-OIL and Heung-A Shipping surge amid market-wide selloff as Iran's threat to blockade Strait of Hormuz - a passage for 20% of global crude oil - drives expectations of soaring oil prices and freight rates, with refiners benefiting from inventory gains and tanker operators from premium rate increases.
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https://en.infomaxai.com/news/articleView.html?idxno=108022
#YonhapInfomax #StraitOfHormuz #SOIL #HeungAShipping #CrudeOilPrices #RefiningMargins #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=108022
[Market Circuit Breaker] Hormuz Strait Blockade Fears Fuel Rally in S-OIL, Heung-A Shipping
S-OIL and Heung-A Shipping surge amid market-wide selloff as Iran's threat to blockade Strait of Hormuz - a passage for 20% of global crude oil - drives expectations of soaring oil prices and freight rates, with refiners benefiting from inventory gains and tanker operators from premium rate increases.