Why energy could be a great place to invest even with oil prices retreating — 5 stocks to buy
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- While the world watches and waits on every word around the Strait of Hormuz, investors are moving on.
- United States Central Command highlighted that as of a few days ago 55 merchant ships transited [the Strait].
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While the world watches and waits on every word around the Strait of Hormuz, investors are moving on. Mostly. It's 'mostly' because no one is suggesting that the troubles are over and things are back to normal. Far from it. But as I write this, the Joint Maritime Information Center notes that "traffic flows began increasing with improvements in anchorage congestion across the region" near the SOH. Marine Traffic and Kpler also tell us that the number of ships steaming through the Strait is rising.