Strait of Hormuz blockade: oil surpasses $100 per barrel
The US military announced a naval blockade of the Strait of Hormuz, depriving approximately 2 million barrels of Iranian oil daily from global markets.
Published 14sem33 sources✓ ConfirmedMajorupdated 5j
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The fact
Crude oil prices exceeded $100 per barrel following this announcement, reflecting fears of a major disruption to energy supply.
Economists warn that this energy shock could be larger in scale than previous crises, affecting both global economy and energy prices in Europe.
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Apr 14Strait of Hormuz blockade: oil surpasses $100 per barrelthis article