WTI crude spiked to $111.29 per barrel on Thursday, with Brent trading at $107.57, inverting the global benchmark structure as the market repriced accessible supply amid a prolonged disruption at the ...
As the US-Israel war with Iran enters the third week, the movement of crude oil and natural gas across the Strait of Hormuz—the narrow waterway that connects the Persian Gulf with the Gulf of Oman—has ...