Oil traders warned closing the Strait of Hormuz would be catastrophe


“Over three months into this conflict, the world has proven surprisingly resilient,” Maria Angelicoussis, chief executive officer of Angelicoussis Group, the largest Greek shipowner by number of vessels on the water, said in rare public remarks this week. “Commodity prices are up by 50% or 60%, Asian LNG prices by 90%, but they’re not at the sky-high levels that at least I would have personally expected.”



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