Putin warns of oil supply crisis from Strait of Hormuz
pre-market1 source ↓written by the desknot a recommendation
- prices surged past
- $100 per barrel
Russian President Vladimir Putin warned that the ongoing US-Israeli conflict with Iran could lead to a complete halt in oil flows through the Strait of Hormuz within weeks. Oil prices surged past $100 per barrel, the highest since 2022, as the crisis threatens global energy supplies. This situation may have significant economic repercussions for traders. ⚡
Not investment advice. For informational purposes only.