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U.S. military and Gulf nations begin daytime oil tanker transits in Strait of Hormuz.
The U.S. military and Gulf nations have begun daytime oil tanker transits in the Strait of Hormuz, Axios reported, citing a U.S. official. Previously, escorted transits were reportedly limited primarily to nighttime operations. Market analysis suggests that expanding daytime transits could improve shipping flow and alleviate some of the geopolitical risk premium embedded in oil prices.
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