This chart shows the sharp drop in shipping through the Strait of Hormuz after escalating Middle East tensions. Vessel traffic has fallen to its lowest level since 2020, pushing Brent crude higher and raising concerns about global energy supply, particularly for Asia and Europe.

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Payden and Rygel

Payden & Rygel is one of the largest privately-owned global investment advisers. Founded in 1983, they manage fixed income and equity portfolios through domestic and international solutions.

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