#oil-market-crisis

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#energy-security #geopolitical-risk #supply-chain-disruption #global-economics #geopolitical-tensions
World politics
fromFortune
17 hours ago

Hung up on Hormuz: the old-world order of oil was just shattered by the closing of Iran's key global chokepoint | Fortune

Oil prices above $90 per barrel trigger global economic fracturing, with geopolitical disruptions and infrastructure failures preventing energy supply redistribution rather than resource scarcity.
from24/7 Wall St.
3 days ago

Iranian Strikes on Qatar Sent Oil Surging 8% and USO Along With It

Today, the geopolitical pressure that has been building since January has become an active supply crisis, and now that Iranian drone strikes are hitting QatarEnergy's facilities at Ras Laffan and Mesaieed, forcing a full halt of LNG production. Saudi Aramco's Ras Tanura refinery shut down as a precaution, all while Brent crude jumped 8% on the day.
World news
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