NY Crude Oil Market: Futures Prices Rise, Briefly Breaking $100 per Barrel Again

On the 15th, in the New York crude oil market, WTI futures prices, the international trading benchmark, rose, briefly breaking the $100 per barrel mark again. This is against the backdrop of escalating exchanges between the US and Iran, with the US attacking Iran's largest oil export terminal, and growing concerns that the de facto blockade of the Strait of Hormuz could be prolonged. WTI futures prices had sharply risen to around $119 per barrel last week for the first time in approximately 3 years and 9 months, before temporarily falling to 7...