Hormuz burns, Brent rises: The oil market is back in crisis mode
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Summary
Oil markets in crisis mode The Brent price had initially increased massively at the end of February after the war began and had shot to over 126 dollars at the end of April. The Strait of Hormuz is not just any shipping route – it is the lifeline for 20 percent of global oil transportation.
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Factual coreconfirmed by several independent voices
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Oil markets in crisis mode The Brent price had initially increased massively at the end of February after the war began and had shot to over 126 dollars at the end of April.
according to Frankfurter Rundschau +1The Strait of Hormuz is not just any shipping route – it is the lifeline for 20 percent of global oil transportation.
according to Frankfurter Rundschau +1
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