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Hari: Oil Prices to Keep Grinding Higher
Vandana Hari, Founder of Vanda Insights, says oil prices are likely to continue a slow and steady climb as the U.S. and Iran remain locked in a cycle of escalation around the Strait of Hormuz. She says crude futures are not fully reflecting the physical market tightness, pointing to diesel prices near $200 a barrel in Atlantic markets and warning of further scarcity in the coming weeks and months. Hari also says markets would remain cautious even if Hormuz reopened, given doubts over whether an…
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