The familiar assumption used by markets remains in place, at least according to financial analysts: what has been priced is what matters. Oil is still elevated but not yet showing a disorderly pattern. LNG is tightening but still trading within a recognizable or conventional range. Freight rates are rising, insurers are repricing risk, and policymakers continue to signal control. On the surface, all these signs are showing a stressed but functioning system. The coming weeks will reveal which systemic risks-such as chain desynchronization or supply…
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