Economy · India
Oil Prices Threatened by Hormuz Strait and Russia Risks
Mirae Asset Sharekhan analysts said Brent crude could rise above $100 per barrel as geopolitical risk in the Strait of Hormuz persists. They added that ongoing tensions involving Russia also weigh on the market. The Financial Express reported a surge in "dark" tanker traffic through Hormuz, noting vessels are moving under secrecy. It said the increased tanker flows are defying a blockade in the Gulf region. Both reports indicate these developments are pressuring global oil markets.
How outlets across the spectrum covered it
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- Centre (2): Business Standard, The Financial Express