Andreas Steno Larsen and Markets and Mayhem point to Iran carving out exemptions and negotiating traffic agreements, implying the chokepoint risk may be managed rather than fully shut.
My thesis is already aging well. "Iran says Iraq exempt from any Strait of Hormuz restrictions"
🚨 Developing: Iran to sign Strait of Hormuz traffic agreement with Oman
JUST IN 🇮🇷🇫🇷: Iran Let's French Contrainer Ship Pass Through the Strait of Hormuz
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