Oil Stays Above $100 as Hormuz Strait Tensions Threaten Global Supply
TL;DR Summary
Oil prices remain above $100 per barrel as Iran’s threats to close the Strait of Hormuz keep global energy markets volatile; Brent trades around $101, shipping through Hormuz has slowed dramatically, and despite stockpile releases, traders see little relief as the conflict drags on and policymakers weigh potential escorts and other moves.
- Oil stays above $100 a barrel amid Iran’s stranglehold on Strait of Hormuz Al Jazeera
- Five reasons oil prices won't snap back from Iran war Politico
- Oil holds above $100 as Trump says America ‘has ammunition and plenty of time’ to fight Iran war CNBC
- Oil Markets Brace for Lasting Turmoil in the Gulf WSJ
- Live: The Latest: Crude oil hits $100 a barrel as Iran vows to keep fighting after 6,000 US airstrikes The Seattle Times
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