Passage denied: Hormuz shutdown keeps oil prices on an upward trajectory
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Euronews.com
18 napja
Global oil prices are rising, albeit at a slower rate, due to concerns over a potential energy shock from the Middle East crisis. WTI crude is trading at around $75 a barrel, while Brent is between $83 and $89. Natural gas prices have slightly decreased after a surge driven by fears of liquefied natural gas supply disruptions. The Strait of Hormuz has become a dangerous area for tanker transits following military actions, with a significant drop in vessel movements. President Trump has promised support for maritime trade, but rising prices indicate market skepticism. Goldman Sachs has raised its oil price forecasts amid fears of prolonged conflict and its impact on economic growth and inflation. Teljes cikk (Euronews.com)