Strait jacket

Published at 09:46 3 Jul 2019 by . Last edited 13:26 3 Jul 2019.

The 13 June tanker attacks in the Strait of Hormuz and the subsequent escalation of tensions between the US and Iran represent a risk for Middle East LPG and naphtha exports. Light ends fundamentals are otherwise bearish, but with over 1 mb/d of LPG and nearly 0.8 mb/d of naphtha moving through thes…

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