Two Lan Nguyen

Commodity and FX research head, Commerzbank
· tracked since May 2026
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Long
May 22
$56.00
-4.9%
Oil to rise if strait stays closed
If the Strait of Hormuz remains closed into the summer, oil prices will rise to recent highs or beyond because inventories will be drawn down and supply shortfalls will persist, especially as US summer driving season increases demand.
Energy
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