
Oil Prices Surge Above $102 Amid US-Iran Tensions and Blockade Fears
Oil prices have surged above $102 per barrel, driven by investor fears of a potential US naval blockade of Iran and the ongoing lack of agreement between the two nations, which also saw natural gas prices jump and European markets open in the red.
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Even If Hormuz Reopens Today, Oil, LNG Shipping May Take Months To Recover
According to experts, even if the Strait of Hormuz opens today, it would still likely take until July for oil flows to get back to normal.
Read full article →What does a US naval blockade of Iran mean for oil flows?
Blocking Iranian shipments would disconnect a significant source of oil from the world's markets
By Reuters
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