Strait of Hormuz: Current Status & Statistics
Oil markets reacted sharply on March 2, with prices surging up to 13% after retaliatory Iranian strikes disrupted tanker movement in the Strait of Hormuz, following military action by the United States and Israel on Iranian targets. Brent crude climbed to $82.37 per barrel, its highest level since January 2025, before stabilizing near $78.60. Meanwhile, […]
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