Oil prices swing as Gulf conflict tests global supply routes
TL;DR
Oil prices have swung wildly amid the US-Israel-Iran conflict, with Brent crude surging toward $120 on supply fears tied to shipping disruptions and the Strait of Hormuz, then slipping after the IEA’s emergency reserve release and rebounding again above $100 as traders weigh how long the conflict will last and ongoing refinery bottlenecks limit refined products.
- What on earth is going on with the oil price? BBC
- The world just smashed the emergency glass on oil prices. Now it’s up to Trump for a long-term fix CNN
- Trump’s Efforts to Defuse the Oil Spike Aren’t Working Foreign Policy
- Brent Just Below $100 As Gulf Attacks Escalate WSJ
- Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war AP News
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