Oil prices jump to five-month high as attacks threaten global supply - The Guardian
Oil prices jump to five-month high as attacks threaten global supply - The Guardian
Source: The Guardian
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DW NOTE
The Strait of Hormuz has been closed for five months and at least 12 vessels were struck near it in recent days — yet Brent is still 8% below its 2026 peak. That tells you how much demand destruction the Fed's 3.90% funds rate has already delivered, even before the supply shock fully hits refined product availability.