Supply Disruption
Energy
Markets
Oil Could Hit $150 Within Weeks as Hormuz Closure Chokes Gulf Exports
Qatar's energy minister warns crude may surge to $150 per barrel as Kuwait shuts production and the Strait of Hormuz remains effectively closed, disrupting 20% of global oil supply.
Energy
Markets
Iraq Shuts Rumaila Supergiant as Gulf Crisis Chokes 3 Million Barrels Per Day
Storage tanks overflow as tanker gridlock forces production halt at world's third-largest producing field amid escalating US-Iran conflict.