Business News

Oil touches $107 per barrel as Hormuz remains choked for over six months

FinSiddhi

This week, oil prices surged past a hundred dollars per barrel amidst growing worries over supply disruptions caused by attacks on shipping routes in the Middle East. US fuel prices reflect this trend as supply chains experience strain. The trajectory of future oil prices will heavily depend on China’s import choices, with OPEC adjusting its global oil demand growth forecast for 2026.
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