Oil Prices Hit $100 once again, this time at close, as Iran Vows to Keep Strait of Hormuz Shut
Sourced from 5 publications
- •Oil prices have reached near or above $100 per barrel, with Brent crude hitting its highest close since August 2022 amid what Bloomberg called one of the most volatile trading weeks ever.
- •Iran has vowed to keep the Strait of Hormuz effectively shut and threatened to attack oil resources across the Middle East, according to multiple sources.
- •The US energy secretary confirmed the military cannot yet escort tankers through the Strait of Hormuz, according to France24.
- •Asian stock and bond markets declined as investors feared sustained energy supply disruptions and rising inflation.
Sources
Oil stays above $100 a barrel amid Iran’s stranglehold on Strait of Hormuz
Al Jazeera
Asian stocks slump as Iran war keeps oil near $100, dents rate-cut bets
Business-standard
Oil price stays above US$100, Asia stocks fall
Channelnewsasia
Asian Stocks, Bonds to Echo US Drop as Crude Rises: Markets Wrap
Bloomberg
Oil Trades Near 42-Month High as Iran Vows to Keep Hormuz Closed
Bloomberg
Oil prices top $100 as market braces for long conflict
France24
Curated from 5 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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