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War Could Soon Force Oil Prices To Catch Up with the Massive Supply Loss - Crude Oil Prices Today | OilPrice.com
Overview
The effective closure of the Strait has left millions of barrels trapped, cutting exports and forcing refiners to pay record premiums as physical shortages build. The Capital Economics estimate that prices could surge to $130–$140 if flows remain blocked reinforces the risk that physical shortages and premium-driven regional dislocations will intensify sharply.
Entities
ORGOilPrice.comLOCUnited StatesLOCStrait of HormuzLOCAsiaTsvetana Paraskova
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