Brent crude tops $107 as Hormuz shipping disruption deepens
Brent crude has climbed above $107 a barrel as disruption around the Strait of Hormuz and shutdowns at Saudi energy infrastructure continue to unsettle global oil markets. The benchmark rose by $3.21 to $107.82, according to the supplied report, after recent attacks on shipping in the waterway and on Saudi energy facilities. The developments have raised fresh concern about the security of one of the world's most important energy chokepoints.US officials say traffic through the strait is improving, but their assessment is at odds with the market reaction and with other reporting on vessel movements. US Energy Secretary Chris Wright... [Continue Reading]
Sponsored

