CNN report US military escorts 40 tankers with 18 million barrels through Hormuz on Tuesday
CNN reported that U.S. military escorts 40 tankers with 18 million barrels through Hormuz on Tuesday. Compared to roughly 20million barrels per day pre-war, it is a close one to effectively smooth traffic in the Strait. However, it is unlikely commercial vessels will return to pre-war activities as U.S. escort does not guarantee no accident and such escort may not be sustainable.
Major equity indexes are performing individually with oil lower while precious metal cheer. AUD/USD is trading 0.09% lower at 0.7164.