The Strait of Hormuz remains closed. Missiles continue to fire across the Persian Gulf and in Lebanon. The price of oil is close to $100 a barrel, and shortages of fertilizer, helium and aluminum are pushing up the price of food and other necessities, fueling cost-of-living pressures.

HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry…

Oil prices remain below $100 despite the Strait of Hormuz closure. New all-time high by September 30 at 18% YES.

The Strait of Hormuz remains closed. Missiles continue to fire across the Persian Gulf and in Lebanon. The price of oil is close to $100 a barrel, and shortages of fertilizer,…

Markets may be underestimating the risk, with traders betting on a Hormuz reopening even as physical oil stocks approach critically low levels and tanker traffic remains disrupted.

One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history.