Strait of Hormuz blockade reshapes global energy flows
Iran war has created unprecedented oil supply disruption with zero tanker crossings in the Strait of Hormuz, forcing a permanent reroute of global crude and LNG flows through Panama Canal and longer sea routes. Oil companies report record profits, but the financial derivatives market has grown to 83x physical oil values, creating systemic risk as inventories deplete at record pace.
R- MarketWatchOil price charts produced a pattern not seen in 36 years. What happened last time?
Brent crude futures charts produced a technical pattern that hasn’t been seen in 36 years, and what that could mean for oil prices.
2d ago - Yahoo FinanceTrump Calls US-Iran Strike A 'Love Tap' As Fire Exchanged Near Strait Of Hormuz; Brent Climbs Above $1022d ago
- MarketWatchA ‘race against time.’ Hormuz closure could push Brent to $150 by summer, warns Morgan Stanley.
Crude 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.
2d ago - BloombergBrent Has Found an 'Uneasy Equilibrium,' StanChart Says (Video)2d ago
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More about $CL
- US Inflation Rising; Producer Price Index Up 6%, Treasury Yields Hit 5% on 30-Year Bonds·Macro & Rates
- Iran War Drains Asian FX Reserves; Philippines and India Hit Most as Crude Surges·Energy
- US Inflation Spike Pins Rates Higher; Gold Climbs, Treasury 30Y Yields Top 5% Since 2007·Macro & Rates
- Producer Prices Up 6% YoY as Hormuz Flows Drop 30%; Rate-Cut Expectations Fade·Macro & Rates
- Iran Conflict Drives Oil Spike, Inflation, and Fed Rate Expectations; Gold, Crude Rally·Energy
Live coverage of the Iran conflict, Persian Gulf oil supply disruption, OPEC reaction and the cross-asset trades pricing it.