Browsing Tag
global oil supply
3 posts
Record $166 Dubai crude, $220 jet fuel: Iran war rewrites global energy price records
Physical oil and fuel cargo prices hit record highs as the US-Israeli war on Iran disrupts Strait of Hormuz shipping and chokes 12% of global oil supply.
Trump calls on oil-importing nations to take shared responsibility for Strait of Hormuz security as global shipping crisis deepens
Trump calls on China, Japan, South Korea, France, and UK to send warships to the Strait of Hormuz as US-Iran war keeps global oil shipping at a standstill.
Aramco CEO says 6.7 million barrels a day lost as Hormuz shutdown surpasses every prior Gulf energy crisis
Saudi Aramco CEO Amin Nasser warns of catastrophic consequences for global oil markets as the Strait of Hormuz crisis deepens. Read our full analysis.