Strait of Hormuz Closure: Why Oil Prices Won’t Drop Fast Even If It Reopens
Iran has reportedly closed the Strait of Hormuz again. This narrow sea passage carries about a fifth of the world's…
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Tag: oil prices
US-Iran Oil Deal: 60-Day Licence Reopens Iran Crude, But a $5-10 War Premium Stays
After breakthrough talks in Switzerland, the US granted a 60-day licence for Iranian oil sales. Oil prices have fallen, but…
India’s Russian Oil Imports Hit Record High as US Waiver Expires; Moscow Now Over 50% of Crude
India now buys more oil from Russia than ever, over half of all the crude its refineries use. A US…