$FRO share price has been up and down 8-9% four times across the past three trading sessions, now trading back to Friday morning levels. Not very attractive risk-adjusted returns amidst the volatile geopolitical environment
HORMUZ MINE CLEARANCE COULD TAKE SIX MONTHS
Clearing Iranian mines from the Strait of Hormuz could take up to six months, the Pentagon told Congress.
Officials say the operation likely won’t begin until the war ends, meaning disruptions to global trade and energy markets could last well into the year or longer.
BREAKING: Satellite imagery shows a massive number of IRGC speedboats moving away from the center of the Strait of Hormuz in large groups, in what appears to be a major new mining operation.