It did seem fairly likely, but we didn't quite get there today. Unless SA announces that the damage was minor and will be repaired very soon/is already repaired, and Trump tweets something calm and peaceful about Iran, I think we'll likely see it this week. Going the other way, repairs not being completed promptly, Trump mocking Iran in tweets or boasting about upcoming strikes, or actual strikes against Iran or more against SA etc will probably send oil significantly higher and we could easily see SEA go much higher.
It did seem fairly likely, but we didn't quite get there today....
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