Oil prices climb over $100 per barrel as US war in Iran continues - ABC News - Breaking News, Latest News and Videos

Source: ABC News - Breaking News, Latest News and Videos

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DW NOTE

The Strait closed seven months ago. Oil hit $100 briefly in March, fell back to the low $90s by July, and is now climbing again. What changed isn't the blockade — it's that refiners burned through their strategic cushion and spot markets have no slack left. The Fed held rates at 3.65% in July while energy prices were rising 47% year-over-year. That's not monetary policy, that's願望思考 with a Taylor Rule.

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