Brent crude jumps 6.9% amid Hormuz blockade and rising tanker risk
Shipping disruptions in the Strait of Hormuz are intensifying, contributing to a sharp rise in oil prices.
Update: This story updates earlier coverage: Brent crude jumps 6.9% amid Hormuz blockade and rising tanker risk
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Key Points
- Oil tops 100 dollars as Hormuz blockade disrupts shipping and raises tanker risk.
- Brent crude was at 101.7, up 6.9% on the session.
- Tanker routes remain exposed to disruption.
According to AP, oil tops 100 dollars as Hormuz blockade disrupts shipping and raises tanker risk. Brent crude was at 101.7, up 6.9% on the session.