Aug 12, 2026
Crude Oil Surges as Hormuz Closure Persists While US Strategic Reserves Plunge to Four-Decade Low
Oil prices surge for fifth straight session as Hormuz stays shut and US strategic reserves drop to 43-year low. Brent nears $90 amid supply concerns.
The post Crude Oil Surges as Hormuz Closure Persists While US Strategic Reserves Plunge to Four-Decade Low appeared first on Blockonomi.
Source: Blockonomi →Related News
- 52 minutes ago
Crude Oil Markets Face Weekly Decline Amid Iran Standoff and Venezuela Supply De...
- 59 minutes ago
Gold Stays Steady at $4,600 Ahead of Fed’s Warsh Address at Jackson Hole
- 1 hour ago
Nvidia (NVDA) Soars Nearly 9% Following Exceptional Q2 Results and Revenue Proje...
- 1 hour ago
IREN (IREN) Stock Slides 7% Despite AI Cloud Revenue Milestone After Q4 Miss
- 1 hour ago
SpaceX (SPCX) Stock: Gains as SpaceX Completes Ship 40 Recovery