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Market move● Neutral for Indian equities
Tanker Congestion Shunts Vital Oil Transfers Farther From Hormuz
- The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz
- Indian refiners hire tankers to collect crude inside the Persian Gulf
- Oil rebounds as Middle East supply and shipping risks persist
- 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