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Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.
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Marko Papic, BCA Research macro and geopolitical analyst, joins 'Squawk Box' to discuss the latest developments in the Israel-Iran conflict, implications for U.S. and global markets, the role of U.S.
Tensions in West Asia raise concerns over oil markets as Iran-Israel clashes threaten Strait of Hormuz closure.
The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more ...
The Strait of Hormuz is both a vital passage point and a permanent point of tension. As long as the world depends on Oil from ...
Iran could easily choke off Hormuz Strait - just sinking a few ships and oil tankers with missile or drone attacks could do ...
Israel launched strikes against Iran on June 13, saying it targeted nuclear facilities, ballistic missile factories and ...
About 21mn barrels of oil from Iran, Iraq, Kuwait, Saudi Arabia, Qatar and the United Arab Emirates pass daily through the narrow waterway separating the Islamic republic from the Gulf states, ...
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Midland Reporter-Telegram on MSNOil prices steady as Israel-Iran conflict raises Strait of Hormuz risksRystad researchers conclude there is a lower probability of the conflict escalating into a full-blown war and causing a huge ...
Amid the ongoing tensions between Israel and Iran, ExxonMobil's CEO says there's enough spare capacity to offset any Iranian ...
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