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● Neutral for Indian equities
‘Economic war’: Is Iran losing its leverage over the Strait of Hormuz?
- Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
- GE Shipping rides high freight rates, builds cash for the next cycle
- Middle East crude flows recover to 98% of pre-war levels despite shipping risks
- Iraq turns to Syria for gasoline as Strait of Hormuz closure disrupts fuel supplies
- Jaishankar Warns Of 'Major Food Crisis' In Coming Months Amid Disrupted Grain Shipments, Fertilizers Shortage, Super El Nino