Two very large crude carriers struck in the Strait of Hormuz. Oil prices surged to $88; Nasdaq dropped 1%. (Correction: One vessel hit early this morning; updated to two vessels by 5 p.m.) The Nasdaq seems to be reacting more sensitively than oil prices. Is the fear of escalation outweighing concerns over oil supply disruptions? Even the U.S. Treasury’s Benzen might be getting a headache—send them some Gaborin, lol https://t.co/0vMZifsrXe
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