Commodities in ‘Super-Squeeze’ as Hormuz Risks Build, HSBC Says

Commodities are in a “super-squeeze” that will worsen if the Strait of Hormuz remains effectively shut, according to HSBC Holdings Plc.

“The longer the strait is closed, the more inventories are run down, the more likely it is that we reach ‘tipping points’ in the markets for some commodities,” analysts including Paul Bloxham said in a June 1 report. Still, knowing exactly when that might happen is hard to determine, they added.