Oil dropped below ninety dollars because ships can maybe pass through if they ask nicely first.
Nothing says market confidence like a thousand-point rally because a blockaded strait might open if you fill out the right forms.
▸ Wikipedia — Oil prices, including Brent Crude and West Texas Intermediate, drop to less than US$90 per barrel, and the Dow Jones Industrial Average increases by over 1,000 points, following IrThe cruise industry defines success as successfully transiting an active war zone after being stranded for weeks.
▸ Wikipedia — Celestyal Discovery becomes the first cruise ship to successfully transit the Strait of Hormuz since the start of the war on February 28 after being previously docked in Dubai forEmergency sanctions waiver to buy Russian oil demonstrates that principles have a one-month shelf life during supply crunches.
▸ Wikipedia — The United States issues a one-month sanctions waiver allowing the sale of Russian petroleum products already in transit to help stabilize global energy supply. (AFP via ABS-CBN Ne