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World faces risk of oil price spikes after loss of 1 billion barrels from Hormuz disruption
Over 1 billion barrels of oil lost from Hormuz disruption drained strategic reserves to 40-year lows, leaving global markets vulnerable to future price
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cryptobriefing.com
Strait of Hormuz oil supply disrupted, market prices in surplus
Oil supply through the Strait of Hormuz is severely disrupted, but markets signal a perceived surplus; WTI reaching $110 in July 2026 at 0.8% YES.
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World faces risk of oil price spikes after loss of 1 billion barrels from Hormuz disruption
Over 1 billion barrels of oil lost from Hormuz disruption drained strategic reserves to 40-year lows, leaving global markets vulnerable to future price
