Tag: Straits of Hormuz
Oil surges, stocks fall as Trump says to blockade Strait of...
The news dealt a blow to hopes for an end to the six-week conflict, which has sent crude prices soaring, pushing inflation up and sending shivers through the global economy.
Jet fuel take months to normalise even if Hormuz open –...
He noted that while crude prices dropped by about 15 per cent following recent announcements, restoring the global supply of jet fuel and other refined products needed more time, during his speech at the IATA World Data Symposium in Singapore.
