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ADNOC trading chief Philippe Khoury flags August as tipping point for oil prices if Iran war supply crisis persists
Oil prices may surge significantly in August claimed ADNOC's chief. This could happen if demand increases and the Iran war supply issues continue. Experts suggest it might take a year for supply chains to fully recover. Transit through the Strait of Hormuz will remain affected as long as peace remains uncertain.
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cryptobriefing.com
Iran war disrupts global oil supply, prices surge amid Strait of Hormuz crisis
Iran war disrupts global oil supply, causing price volatility. New all-time high for crude oil by September 30 at 19.5% YES.
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oilprice.com
Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August | OilPrice.com
Rystad Energy warns a full Strait of Hormuz blockade could drive Brent to $180/bbl by August, with supply markets needing 6-8 weeks to normalize after any deal.
