Oil Surges as Strait of Hormuz Disruption Keeps About 8 Million Barrels Offline
The source says the Iran conflict may extend into April, while attacks and stalled traffic through the Strait of Hormuz continue to tighten global oil supply.
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Terms & Concepts
Strait of Hormuz: A critical oil shipping chokepoint linking the Persian Gulf to global markets, where disruption can quickly affect energy prices and broader risk sentiment.
Supply disruption: A market condition in which production or transportation is interrupted, reducing available volumes and often pushing prices higher.