#energy-supply-crisis

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fromBusiness Matters
5 days ago

Strait of Hormuz crisis sends oil price close to $120 as Middle East conflict rattles markets

The Strait of Hormuz, a narrow waterway linking the Persian Gulf with the Gulf of Oman, normally carries around 20% of the world's oil exports. The latest conflict has seen tanker traffic collapse as insurers, shipping companies and crews refuse to risk the route. According to data from shipping tracker MarineTraffic, only nine commercial vessels passed through the strait last week, compared with a typical daily average of about 50 before hostilities intensified.
World news
World politics
fromFortune
6 days ago

Oil market chaos to deepen as more Gulf giants cut output | Fortune

Oil market chaos deepens as Iran conflict closes the Strait of Hormuz, forcing major producers to cut output and pushing crude prices toward $100 per barrel.
World news
fromwww.theguardian.com
1 week ago

Investors are expecting Donald Trump to back down in the war with Iran but what if he doesn't?

Middle East conflict risks oil supply disruption through Strait of Hormuz, causing global oil prices to surge 17% and triggering significant market volatility across Asia while Western markets remain relatively resilient.
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