Helima Croft
World
How high oil could go if Iran closes the Strait of Hormuz, according to Goldman Sachs and others
Investors should not ignore the risk that Iran could disrupt Middle East oil supplies and trigger a substantial price spike, energy analysts warned Monday, even as the market largely dismissed the threat. Surprisingly, oil prices tumbled Monday after Iran fired missiles at a U.S. airbase in Qatar in retaliation for strikes against its nuclear program […]
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World
OPEC+ agrees another accelerated oil output hike for June, sources say
FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Maxim Shemetov | Reuters Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike […]
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