The Hidden Commodity Winner of the Oil Crisis
Even though oil is grabbing most of the headlines, it is not the only commodity under the thumb of the Iran conflict. It turns out that when a butterfly flaps its wings in the Straight of Hormuz, a tsunami of chaos sweeps over nearly every commodity industry in the world.
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Bloomberg Economics sees four potential pathways forward, the two most likely of which keep oil above $110 for the foreseeable future.
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