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Market Impact: 0.65
Argus warns oil could surge past $100 with Strait of Hormuz tensions escalating
Source: youtube.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsCommodity FuturesTrade Policy & Supply Chain
Argus Media Chief Economist David Fyfe warned that escalating supply risks in the Strait of Hormuz, alongside dwindling global oil inventories and localized shipping bottlenecks, could drive oil futures back above $100 per barrel. A disruption to this key transit route would tighten physical crude availability and raise inflationary and energy-market risks globally.
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