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Reason crude isn't crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel levels many analysts once feared. According to maritime intelligence firm TankerTrackers, one key reason is the emergence of alternative shipping networks that are allowing oil and cargo to continue flowing despite the disruption.
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timesofindia.indiatimes.com
Reason crude isn't crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel…
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economictimes.indiatimes.com
Oil Price Today (June 11): Crude oil rises over 2% as US strikes Iranian targets again. $100/bbl in sight?
Oil prices surged over $2 a barrel after Iran announced the closure of the Strait of Hormuz, a critical shipping route, following U.S. strikes. Iran warned of attacks on any…
