$Venture Global(VG.US) rose nine points, with its LNG export thesis directly benefiting from transport concerns in the Strait of Hormuz; $COSCO SHIP HOLD(01919.HK) rose over four points, as freight rate expectations move in tandem with shipping lane risks; $Dow(DOW.US) also rose over four points, as petrochemical costs are linked to oil prices; $Petroleo Brasileiro SA(PBR.US) edged higher along with oil prices. All four point to the single variable of rising oil prices, with short-term elasticity dependent on how the conflict evolves.
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