1970s-style oil shock loading? Crude may hit $100 if Strait of Hormuz shuts amid Middle East tensions - what it means

Mar 2, 2026 - 15:00
1970s-style oil shock loading? Crude may hit $100 if Strait of Hormuz shuts amid Middle East tensions - what it means

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Global oil markets are preparing for potential supply disruptions after US airstrikes on Iran over the weekend revived concerns that shipments through the Strait of Hormuz could be affected.

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