Morgan Stanley warns crude market buffers could be exhausted before the Strait of Hormuz reopens, putting Brent on a path to $150 per barrel.

Morgan Stanley warns crude market buffers could be exhausted before the Strait of Hormuz reopens, putting Brent on a path to $150 per barrel.

Oil futures pushed higher for a third consecutive session as traders weighed the consequences of the US-Iran stalemate over the Strait of Hormuz.

The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to…