U.S. Blockade of Iranian Ports Threatens Already Crippled Global Oil Supply as Prices Surge Past $100

The American blockade of Iranian ports in the Strait of Hormuz is sending tremors through global energy markets, raising fears of a fresh oil shock by threatening supplies to Asia. Iran had continued to pump crude to Asia since the start of the Middle East war, partly shielded by its elusive “dark fleet”. Roughly one-fifth […] The post U.S. Blockade of Iranian Ports Threatens Already Crippled Global Oil Supply as Prices Surge Past $100 appeared first on EURASIAN TIMES.