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Fitch Says Global Oil Oversupply Caps Price Impact of Strait of Hormuz Closure
Fitch Ratings reports that the current global oil market oversupply limits the potential increase in geopolitical risk premiums from any closure of the Strait of Hormuz, thereby capping possible spikes in oil prices. This suggests that despite geopolitical tensions, oil price volatility may remain contained due to excess supply.
Date:
04.03.2026 |
Source:
FOR-EX.NEWS
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