Hormuz bottleneck could trigger fresh oil-price spikes this summer
TL;DR Summary
Oil prices face renewed upside risk as the Strait of Hormuz disruption and thinning inventories erode buffers; analysts warn that if the strait stays closed by Labor Day, Brent could jump to about 130–150 per barrel, with gasoline prices likely to rise as U.S. and global stockpiles approach critical minimums, despite SPR releases and other buffers.
Topics:business#energy-and-climate#gasoline-prices#inventories#iran-deal#oil-prices#strait-of-hormuz
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