Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
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Source: CNBC
Published: 2026-05-27 05:43 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Iran, Energy
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Snippet:
Piper Sandler isn't buying the talk that an Iran deal is nearing, telling clients that the Strait of Hormuz will largely stay closed and oil will hit new highs.
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