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2026 › March › 07
Strait
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.
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.
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