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Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but ‘three times the scale,’ analyst warns
According to a recent report by Fortune, global oil markets are bracing for a potential surge in crude prices amid rising geopolitical tensions in the Middle East. Analysts warn that disruptions to shipping through the Strait of Hormuz following U.S. and Israeli strikes in Iran could severely restrict oil supplies and drive prices above $100 […]