Iran says the Strait of Hormuz is closed and warns ships not to pass. With roughly 20% of global oil and LNG normally moving through that chokepoint, the market will price supply risk fast. Right now gold is around $5,287 and silver around $89. If crude keeps squeezing higher
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Iran says the Strait of Hormuz is closed and warns ships not to pass. With roughly 20% of global oil and LNG normally moving through that chokepoint, the market will price supply risk fast. Right now gold is around $5,287 and silver around $89. If crude keeps squeezing higher