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2026 › March › 07
Hormuz
4 months ago
Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.
Oil is set to hit $100 a barrel in days and even reach $150, experts say as crucial Strait of Hormuz remains shut to tankers and US says war could continue for six weeks ⊖
The alarm comes as the crucial Strait of Hormuz remains effectively closed to oil tankers.
Crude prices make record jump as Trump’s measures fail to calm markets ⊖
The Trump administration has yet to solve the fundamental issue of getting oil and gas tankers moving through the Strait of Hormuz again, analysts said.
US faced with few good options to tamp down surging oil prices ⊕
Experts say reopening Strait of Hormuz remains most viable option as ideas such as influencing futures market fade
Trump admin announces $20 billion reinsurance program for oil tankers during Iran war ⊖⊖
Tanker traffic through the Strait of Hormuz remains at a standstill as the Iran war engulfs the region.
US considers lifting more sanctions on Russian oil as Iran conflict sees global prices surge ⊖⊖
found
a story from The Guardian ⚠️ › International
Washington says new measures not aimed at easing restrictions on Moscow and only affect supplies already in transit
The US treasury secretary, Scott Bessent, said on Friday that his government was con…
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