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Was October The Peak Of Hormuz Ship Attacks?
Was October The Peak Of Hormuz Ship Attacks? A renewed diplomatic push between the Trump administration and Tehran ahead of the US midterms sent Brent and WTI futures spiraling lower yesterday.The selloff comes despite a record number of commercial ship attacks in the Gulf waters during October. Rather than choking off crude shipments through Hormuz, Iran's repeated attacks on tankers and cargo ships did quite the opposite, suggesting Tehran's leverage in the maritime chokepoint has somewhat eroded.UniCredit investment strategist Tobias Keller shared a chart with clients earlier