Key Real-World Oil Price Soars to Highest Level on Record
The world’s most important price for real-world oil barrels soared to its highest level on record, the latest sign that global crude markets are pricing increasingly scarce supply as a result of the disruption from the Iran war.
Global energy crisis hits record
- Oil crisis caused by Strait of Hormuz closure 'has sparked the world's biggest ever disruption to energy supplies' Daily Mail —
- IMF chief warns of high prices due to Middle East war Reuters —
- Emerging economies at greater risk of high interest and currency shocks because of Iran war, says IMF The Guardian —