Brent Oil Soars Back Above $100 as Impact From Iran War Deepens


“The only thing that’s really going to bring oil prices back down is if we really see the Strait of Hormuz reopen,” Neil Beveridge, director of research at Sanford C. Bernstein & Co., said in an interview on Bloomberg Television. The flow rates from strategic reserves are “nothing compared with the 20 million barrels” a day of disruption from the Hormuz closure, he added.



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