Oil Rises After U.S. Reimposed Naval Blockade on Iran
Oil prices rose, with Brent crude trading just shy of $86 a barrel after the U.S. reinstated its naval blockade on Iran.
Europe's Scramble for Gas Ahead of Winter Gets Harder
The Strait of Hormuz used to carry around 20% of global liquefied natural gas flows, while Iranian attacks have wiped out 17% of Qatar's LNG export capacity.
IMF Sees Reduced Cushion Against Oil Disruption for Global Economy
