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🐋 WHALE WATCH: Saudi Aramco just hiked the May OSP for Arab Light to Asia by a staggering +$19.50/bbl over the benchmark.
We are officially in uncharted territory. With the Strait of Hormuz effectively choked the geopolitical premium isnt just a theory its a line item.
Expect Asian CPI to rip higher as energy costs cascade through supply chains. The stagflation playbook is back.