Gulf Spot Oil Premiums Fall Post-Deal, Shipping Risk Keeps Floor Intact
🛢️ HORMUZ — The price drop is real. So is the reason it won't go further. 📌 LOOK CLOSER: Spot premiums falling signals traders believe Hormuz reopens — but the floor holds because mine-clearance and insurance reinstatement lag diplomacy by weeks. Tanker operators won't price out war risk until hulls are actually transiting. That gap between paper deal and physical flow is where the next oil shock hides if Geneva stumbles.
