WTIC
WTIC
Market read
The Strait of Hormuz is the world's most important crude oil and petroleum product shipping route. This statement directly relates to geopolitical risks for crude oil prices (WTIC) and global energy supply, as Iran's ability to close the strait is a potential threat often monitored by energy markets.
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@FirstSquawk · 07/18, 05:47 PM
Event soonA US official told Al Arabiya that Iran cannot currently close the Strait of Hormuz.
The Strait of Hormuz is the world's most important crude oil and petroleum product shipping route. This statement directly relates to geopolitical risks for crude oil prices (WTIC) and global energy supply, as Iran's ability to close the strait is a potential threat often monitored by energy markets.
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