Global Oil Supply
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Economy
Physical Oil Prices Surpass $130 as Hormuz Flows Plunge
DID Press: Physical crude oil prices have risen above $130 per barrel as disruptions to tanker traffic and sharply reduced oil flows through the Strait of Hormuz continue to put pressure on global energy markets. Recent market reports indicate that…
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Economy
Brent Oil Jumps 6.7% as Middle East Tensions Escalate
DID Press: Brent crude climbed 6.7% to $87.55 per barrel after renewed military tensions involving the United States, Israel, and Iran heightened concerns over potential disruptions to global oil supplies. Market sentiment was driven by fears that the escalating regional…
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Economy
Oil Prices Fall After Iran–US Understanding Eases Supply Concerns
DID Press: Global oil prices declined in trading on Tuesday after a reported understanding between the United States and Iran eased concerns over potential disruptions to global energy supplies. Brent Crude fell 2.2 percent to $77.7 per barrel, while West…
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