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Retail and pro traders are obsessed with gauging the traffic in the Strait of Hormuz, thinking they can gain an edge on where oil prices are going. They can’t.
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The directives would appear to be an escalation of recent tensions between the U.S. and Cuba that began in January when the Trump administration curbed oil shipments to Cuba as part of a broader campaign to force sweeping political changes on the communist-run island.
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