A major US attack on the island that exports the bulk of Iran’s crude is raising fears of more widespread supply disruptions in the region, further straining oil and gas markets already in upheaval after two weeks of war in the Middle East.
Even by the roller-coaster standards of the global oil market, Monday’s extreme swings tested traders’ limits.
Until last month, airlines couldn’t get new aircraft fast enough, with both Airbus SE and Boeing Co. struggling to keep up with surging demand.
©2025 Energy Connects. All Rights Reserved
Back To Top