‘The vulnerable spot’: Disruption in the Strait of Hormuz would be greatest ‘black swan’ event in years for oil markets – S&P
12 Jan, 2020 09:29

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The growing hostilities between the United States and Iran have
raised concerns about the possibility of disruption to a key shipping
route in the Gulf region, and about the consequences for global oil
markets.
According to analyst Dave
Ernsberger of S&P Global, any disruption to what is probably the
most vital chokepoint in the Middle East could become the largest ‘black
swan’ occasion within the oil market.Ernsberger who is the firm’s global head of commodities pricing, told CNBC that “the market is extremely exposed to any disruption to vessel traffic in the Strait of Hormuz.”
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