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Fitch: Protracted Strait of Hormuz Closure 'Unlikely'

Fitch Ratings EMEA Natural Resources and Commodities Head Angelina Valavina discusses how a potential closure of the Strait of Hormuz could impact the oil trade and prices. She warns that if the Strait of Hormuz is closed, it would have a "significant" impact on markets and risk premium would go up "quite substantially," but it is "highly unlikely" a potential closure of the strait would be protracted. Valavina speaks on Bloomberg Television. (Source: Bloomberg)