Global oil hits $105 per barrel and bond yields surge - CNN

Source: CNN

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DW NOTE

The Strait of Hormuz has been effectively closed since September 10, with daily transits down from 85 ships to 6. Global oil inventories are falling at 3.0 million barrels per day this quarter. A supply shock this severe doesn't produce $105 oil — it produces rationing, unless someone is draining strategic reserves faster than they're willing to admit.

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