‘Mini tsunami’ of oil headed for global market and as Strait of Hormuz opens, plunging prices — For now
A “mini-tsunami” of oil is flooding the global market after the Strait of Hormuz opened and trapped tankers were finally freed, sending prices down to almost pre-war levels – but the relief may not last long. August oil futures – contracts to buy at a later date – fell to about $70 a barrel on … Read more