Energy

Oil Prices Rally as U.S. Targets Iranian Tankers in New Escalation - Crude Oil Prices Today | OilPrice.com

Source: Crude Oil Prices Today | OilPrice.com

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DW NOTE

The US is now directly intercepting Iranian oil shipments while the Strait remains mined shut and global demand is falling. Oil at $90 isn't a supply shock — it's the market pricing in months more of this standoff while China and India quietly negotiate discounts on every sanctioned barrel that does get through.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Oil Prices Rally as U.S. Targets Iranian Tankers in New Escalation - Crude Oil Prices Today | OilPrice.com

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