Indefinite Iran Blockade: Oil Soars Amid US Threats and Record US Inventories
🛢️ Oil prices rose amid US threats of an indefinite naval blockade of Iran. Brent reached $87.08, WTI — $81.31. Treasury Secretary Scott Bessent announced unprecedented isolation measures. However, growth is being held back by weak demand and record inventories in the US. #Oil #Iran #Economy
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