Oil Prices Climb Over 7% as Strait of Hormuz Closure Rattles Markets
A single chokepoint just reminded global energy markets how fragile the supply chain really is. When Brent crude jumps nearly US$7 in a single session, the message from traders is unambiguous: the risk premium on Gulf crude is back. Oil prices climbed over 7% in early Monday trading after the closure of the Strait of … Read more