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Tag: oil supply

Oil could surge far beyond current levels if the Hormuz blockade is fully enforced

Oil prices surged past $103 a barrel on Monday following the breakdown…

Shekari Philemon

Bessent says the US will retake control of the Strait of Hormuz and restore free passage

Treasury Secretary Scott Bessent signaled this week that the United States intends…

Shekari Philemon

Oil markets shrug off the IEA’s record reserve release and traders are not buying the relief

The International Energy Agency made history Wednesday, and oil prices went up…

Shekari Philemon