Was October The Peak Of Hormuz Ship Attacks? A renewed diplomatic push between the Trump administration and Tehran ahead of the US midterms sent Brent and WTI futures spiraling lower yesterday.The selloff comes despite a record number of commercial ship attacks in the Gulf waters during October. Rather than choking off crude shipments through Hormuz, Iran's repeated attacks on tankers and cargo ships did quite the opposite, suggesting Tehran's leverage in the maritime chokepoint has somewhat eroded.UniCredit investment strategist Tobias Keller shared a chart with clients earlier today showing last month's record number of ship attacks in Hormuz, which topped 35. "Maritime security in the Gulf has deteriorated in recent...
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