#HormuzTransitsDropToThreeWeekLow 🛢️ STRANGULATION OF THE STRAIT OF HORMUZ, OIL PRICES SOARING AT NOC ? 🚀
The volume of vessels passing through the Strait of Hormuz is falling dramatically, leaving only 8 ships on 16/7 — the lowest level in 3 weeks! 😱 The share of ships in operation, at best, is close to 50%, while the supply of crude oil is faltering sharply, as Brent has already broken above the $85 per barrel mark (+12% over the week).
What should traders do?
- Long Camp (Bulls): Prepare your oxygen, because oil could rise to the peak!
- Short Camp (Bears): For now, hold on—watch out for burning your account because of the “price boom.”
📌 Fasten your seatbelt, grab the
#Hormuz #OilPriceShock #BrentRises12%Weekly #IraqSyriaSignPipelineDealBypassingHormuz $CL $ESPORTS $AKE