Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East - CNBC
Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East - CNBC
Source: CNBC
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DW NOTE
The Strait has been functionally closed for seven days, traffic down 98%, and oil is at $109 — not $150. Markets have seen this film before: choke the supply, drain the strategic reserve, watch futures collapse when the ships start moving again. Gold down 21% from its January high tells you everything about how seriously traders take this "crisis."