(https://www.marketwatch.com/story/strait-of-hormuz-is-reopening-faster-than-reopening-faster-than-expected-says-morgan-stanley-as-it-cuts-oil-price-target-a6f6795d?mod=mw_rss_topstories) because the Strait of Hormuz is clearing faster than expected is the death knell for my $PBF position. I bought on the thesis that Iran geopolitical chaos would sustain a margin expansion cycle—but that thesis had an expiration date baked in.

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