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Oil prices soar to over $125 a barrel, as Trump says Iran blockade could last 'months'
Oil prices have hit their highest levels since Russia's full-scale invasion of Ukraine in 2022. Brent Crude costs were over $125 a barrel at one point, as the continued closure of the strait of Hormuz puts pressure on global supply. [Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe] The closure means the rise in ...
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Iran is running out of places to put its oil… 😳 Satellite images show a large oil slick near Iran’s Kharg Island, the regime’s main oil export hub, while CENTCOM says more than 70 tankers are blocked from Iranian ports with capacity for over 166 million barrels of oil worth $13 billion-plus. That is what pressure looks like. If Iran can’t move oil, storage fills up fast, infrastructure gets strained, and the regime’s money machine starts breaking down. #Iran #Oil #CENTCOM #StraitOfHormuz #Break
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