Oil Surges 3% as Iran Expands Gulf Strikes
Brent crude jumped above $78 a barrel and WTI above $73 after Iran expanded military strikes into the Gulf, sharply slowing shipping traffic through a key oil transit route.
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brent-wti
Strait of Hormuz Reopens, Crude Oil Prices Drop
Crude oil prices dropped after the Strait of Hormuz reopened, eliminating a major supply disruption risk that had kept energy markets on edge. The strait handles roughly 20% of global oil flows, so its reopening directly reduces the geopolitical risk premium embedded in Brent and WTI futures.
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brent-wti
Oil prices jump over 3% as Iran expands Gulf strikes, raising supply fears
Brent crude jumped above $78 a barrel and WTI above $73 after Iran expanded military strikes into the Gulf, sharply slowing shipping traffic through a key oil transit route.
2h ago · 3 min · Global Affairs
Crude Oil Prices Plummet as the Strait of Hormuz Reopens
Crude oil prices dropped after the Strait of Hormuz reopened, eliminating a major supply disruption risk that had kept energy markets on edge. The strait handles roughly 20% of global oil flows, so its reopening directly reduces the geopolitical risk premium embedded in Brent and WTI futures.
2mo ago · 1 min · Markets
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