Strait of Hormuz Crisis: Oil Surges Past $80, Aramco Shut
The Strait of Hormuz crisis: Oil prices surge past $80 as Aramco shuts down. Explore the impact on global shipping, energy markets, and infla...
"Geopolitical risk premiums are back—Brent at $80 reflects panic, not fundamentals. Aramco’s shutdowns will tighten physical markets, but OPEC+ spare capacity (4M bpd) should cap sustained upside unless Iran escalates. Watch Asian refiners’ reaction; demand destruction looms if crude holds above $85."