US EditionOil Surges Past $125 as Fears of Prolonged Supply Disruption Grow
16 Articles
16 Articles
Oil prices stabilize on Friday, slightly rising with the blockade of the Strait of Ormuz, which continues, after a particularly busy session on Thursday, in a context where very many markets are closed due to the 1st May.
The fear that the U.S. would maintain the blockade of the Strait of Ormuz for months and the threat of Donald Trump to Iran for not signing a non-nuclear-weapons agreement caused the price of Brent crude to skyrocket up to $125 per barrel on Thursday at the opening of Asian markets.
The Brent and the Mexican Mixture were at their highest levels since June 2022, with the expectation that the blockade in the Strait of Ormuz will be prolonged, which points to a rapid decrease in world oil supply reserves.This was accentuated after U.S. President Donald Trump made statements in which he stated that he would not lift the naval blockade in Ormuz until reaching an agreement with Tehran to address the country's nuclear program, as …
The oil is taking off again, with the Brent blazing by 7.5%, in a market panicked by the prospect of a prolonged blockade of the Strait of Ormuz.
Oil again flies into Asian markets, driven by concerns about a prolonged blockade of the Strait of Ormuz and speculations...
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