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Investors brace for oil price spike, rush to havens

Bloomberg · 4d

Oil Could Spike to $90 If Strait of Hormuz Shut, Citigroup Says

Brent crude could jump to around $90 a barrel if the Strait of Hormuz is closed, according to Citigroup Inc., which added that a prolonged halt to shipping through the crucial waterway would be unlikely.

Forbes on MSN · 20h

Rising Oil Prices Could Spike Another 30% If Iran Blocks Strait Of Hormuz, Goldman Warns

Already up 15% over the last two weeks, prices for the Brent crude oil international benchmark could soar to its highest level in years if Iran blocks a key oil chokepoint.

USA Today · 2d

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation.

1don MSN

Japan's yen sinks as spike in crude oil overpowers safe-haven appeal

The Japanese yen, normally one of the most sought after safe havens in times of geopolitical stress, has dropped 2.4% against ...

19h

Oil News: Traders Brace for Crude Oil Spike as Iran Response Looms

Oil futures may surge as traders brace for Iran’s response to U.S. strikes; Brent could hit $130 if supply disruptions ...

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