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ABC Investment enthusiastThe market is not pricing in a complete blockade. A comprehensive analysis of the prices of crude oil contracts (near and far months), crude oil producers, oil shipping, integrated oil and gas companies, and oil service companies shows that it's a pricing based on supply contraction, but one that cannot be sustained long-term.
Citrini's field research to the Strait of Hormuz is truly impressive. Practice is the sole criterion for testing truth. "The market has been pricing in a 'blocked strait', but the reality at sea is increasingly resembling a 'toll road'."
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