RoboticsFortuneabout 3 hours ago
Strait of Hormuz crisis threatens oil prices
8 min read
Crude oil prices fell below $70 per barrel as traffic resumed through the Strait of Hormuz, but nearly 1 billion barrels of global petroleum reserves are depleted. Analysts warn prices will likely surge close to $90 per barrel when China resumes importing oil, creating a nightmare scenario for the Trump administration.
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