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- America’s economy faces a potential war shock: Surging oil prices
The direction oil prices take is likely to depend on whether Iran’s parliament decides to block the Strait of Hormuz, a key trade route that accounts for about 20% of the world’s crude oil On
- What attack on Iran could mean for oil prices, inflation, US dollar
The Strait of Hormuz lies between Oman and Iran and is the primary export route for oil producers such as Saudi Arabia, the United Arab Emirates, Iraq and Kuwait
- Oil Markets on Edge After American Bombing of Iran
Iran’s oil exports have declined steeply in recent years after the United States and Europe imposed broad prohibitions on the purchases of Iran’s oil in an effort to pressure Tehran to abandon
- Oil Prices Poised to Soar After U. S. Attacks Iran Facilities
The United States launched targeted strikes on three Iranian nuclear facilities, escalating Middle East tensions, prompting fears of soaring oil prices and drawing sharp reactions globally
- Oil prices hit 5-month high after US strikes Iran nuclear sites
Iran is also a major oil producer Crude oil futures have gained over 10% since the conflict began, with a geopolitical risk premium of $12 backed into prices now, according to Goldman Sachs
- Iran orders closure of Strait of Hormuz — putting one-fifth of world’s . . .
Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows The move, which could block $1 billion in oil
- Oil prices could spike 10% after U. S. attack on Iran — But don’t be . . .
Energy markets are in focus after the U S bombed key nuclear sites in Iran, which is a top oil-producing country and in a position to threaten a critical transit point for global exports
- Oil rises, stock futures slide as markets react to strike on Iran – NBC . . .
Oil rises, US stock futures slide as markets react to U S strike on Iran The price of Brent crude oil, the international standard, rose 3 3% to $79 60 a barrel U S crude rose 3 1% to $76 16 a
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