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Brent crude crossed $103 after US-Iran talks collapsed, with analysts flagging a potential $150 price spike if Washington blockades the Strait of Hormuz. The strait carries up to 12 million barrels per day, making any sustained closure a severe global supply shock. Traders currently view a full blockade as unlikely des
The US announced a naval blockade on Iranian ports, sending Brent crude past $100 per barrel on fears of a supply disruption affecting up to 12 million barrels per day. Analysts warn prices could reach $150 if the blockade persists, intensifying global inflation risks. Energy markets and central bank policy paths are n
Tag
Brent crude crossed $103 after US-Iran talks collapsed, with analysts flagging a potential $150 price spike if Washington blockades the Strait of Hormuz. The strait carries up to 12 million barrels per day, making any sustained closure a severe global supply shock. Traders currently view a full blockade as unlikely des
2mo ago · 1 min · Markets
The US announced a naval blockade on Iranian ports, sending Brent crude past $100 per barrel on fears of a supply disruption affecting up to 12 million barrels per day. Analysts warn prices could reach $150 if the blockade persists, intensifying global inflation risks. Energy markets and central bank policy paths are n
2mo ago · 1 min · Global Affairs
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