Strait of Hormuz Shipping Halts as 60-Day Truce Lapses
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- Strait of Hormuz shipping has ground to a near halt after a 60-day truce lapsed with no deal, reviving oil-price risk that has capped crypto all summer.
- ETF flows are described as 'quietly turning' even as oil-price risk continues to cap crypto.
Why it matters: The Strait of Hormuz halt revives the oil-price risk that has capped crypto all summer, and with the 60-day truce lapsing without a deal, ETF flows 'quietly turning' is the lone directional cue for crypto traders watching the tight range.
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