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One platform for global traditional assets
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Trafigura Economist Warns Prolonged Hormuz Closure Could Force Oil Demand Lower
Trafigura Chief Economist Saad Rahim warned that a prolonged Strait of Hormuz closure could force demand lower to match a supply reduction of at least 10%. Rahim said wealthy nations are still using inventories and securing supplies at high prices, but demand destruction is already emerging in less visible pricing centers.