Advertisement
After a few good days and some more missiles, the Strait of Hormuz remains open. MS fro two days ago.
- Yesterday we saw 7 vessels exiting the Strait of Hormuz. Data from last weekend got revised upwards from a rate of 3 vessels per day to ~7-8 units/day.
- Inbound vessels are also trending at ~8-9 vessels in past two days. The 7-day outbound average now stands at 15.6 vessels per day; inbound average is at ~11.
- Iran and Qatar representatives will meet in Doha on Wednesday to potentially cover the implementation of the US-Iran deal and frozen Iranian assets (CNN)
- US envoys Witkoff and Kushner will meet Qatari mediators in Doha and not engage in direct talks with Iran, according to Qatar’s Foreign Ministry (CNN)
Goldman is now arguing that nothing can prevent a 2027 oil glut. I can think of a few eventualities that will.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement