US Offers $20B Insurance to Secure Shipping Through Strait of Hormuz | Oil Prices Rise
The price of Brent crude oil surged past $90 a barrel on March 6th, marking a more than 12% increase, as concerns mount over a near-paralysis of oil tanker traffic in the Persian Gulf. The price jump follows escalating tensions in the region and growing fears of disruption to global oil supplies. Several Gulf nations … Read more