Oil prices climbed back toward $105 after the latest escalation around the Strait of Hormuz, but markets have stopped well short of panic pricing. Despite strong headlines around a US “total blockade” of the Strait of Hormuz following inconclusive US-Iran talks in Islamabad, the response has been controlled rather than explosive. The moves in Brent […]The post Oil Hits $105 but No Panic as Reality of Hormuz Blockade Falls Short of Headlines appeared first on ActionForex.