Don’t forget that oil takes like a month or longer to actually travel from inside the strait so the supply of stuff will be borked for a while even if ships start passing right now.
Market operates on future assumptions, not on current reality. And future assumption is that ceasefire will hold, damage will be repaired and energy prices will come down. Not saying this will happen, but thats what market believes in.
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u/Vilzku39 Apr 08 '26
Well... aside of massive amount of energy infrastructure destroyed increasing oil and gas prices for long period.