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Energy consultant Wood-Mackenzie says shutdown of shipping through Persian Gulf "far more than an energy crisis," said one market expert - as contractor McDerm…
How prolonged Strait of Hormuz closure could lead to oil demand destruction
Oil is climbing to start the week as Morgan Stanley is warning that crude prices are being held at bay from much higher losses. But that could change.
Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.
The price of a wide range of goods - from food, to smartphones, to medicines - could be affected by the US-Israel war with Iran.
Iranian attacks on ships in the Strait of Hormuz threaten to drive U.S. gas prices to record highs. The attacks could also have a cascading effect on other pri…
A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from metals to farming are vulnerable.
Roughly 20% of global LNG flows through the Strait.
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