Comment / Meanwhile, fuelling the profits in Oz… 

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As an off-the-leash Israel threatens to attack Iran’s oil supplies, the fear of oil prices skyrocketing would mean unwelcome news for transport companies, right?

Not so fast trigger-finger! As you will see, every cloud has a silver lining.

Crying wolf?

Earlier this year I wrote about the “crisis” unfolding in the Strait of Hormuz and the short-term spike in shipping rates (as shipping companies are good at using every opportunity to jack up rates).

Predictably, rates settled, and ...