Market News and Commentary – Wall Street Underground

By Nick Guarino | July 20, 2019

Iran’s Revolutionary Guard Corps Seized A British Oil Tanker

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Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy choke points. Brent climbed more than 1% on the news. The tit-for-tat actions signal greater instability and potential conflict in a region where one-third of the world’s seaborne crude and fuels pass through.

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