Brent Crude Soars Past $100 as Strait of Hormuz Closes
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Brent crude oil prices surge past $100 a barrel as Irans attacks on tankers and the Strait of Hormuz disrupt global oil shipments, causing panic among traders and leading the US to offer insurance coverage and naval escorts. However, concerns about American involvement and damaged infrastructure may still result in a shortfall of one to three million barrels a day.
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