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Iran war accelerates depletion of global oil stocks ahead of travel season
Brent crude tops $100 as the Iran war disrupts Strait of Hormuz oil flows. G7 releases 400M barrels from reserves ahead of peak travel season demand.
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gulfnews.com
Brent crude down 5%, Murban slides 3.8%, WTI below $100
Supertankers resume risky Hormuz transits after two-month Gulf delay
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cryptobriefing.com
Iran war accelerates depletion of global oil stocks ahead of travel season
Brent crude tops $100 as the Iran war disrupts Strait of Hormuz oil flows. G7 releases 400M barrels from reserves ahead of peak travel season demand.
- ·
Iran war drags European economy down, pushes prices up
The Iran war has pushed Brent crude to $83/barrel, sending Europe toward stagflation as eurozone PMI contracts and crypto markets feel the ripple effects.