What are the implications of a renewed closure of the Strait of Hormuz?
Investing.com -- A prolonged closure of the Strait of Hormuz could send Brent crude to $150 a barrel, revive inflation and force major central banks to raise interest rates despite slowing economic growth, Capital Economics said in a recent note. Energy markets have absorbed the disruption from the Iran conflict through pipeline diversions and inventory drawdowns.
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Investing.com -- A prolonged closure of the Strait of Hormuz could send Brent crude to $150 a barrel, revive inflation and force major central banks to raise interest rates despite slowing economic growth, Capital Economics said in a recent note. Energy markets have absorbed the disruption from the Iran conflict through pipeline diversions and inventory drawdowns. Roughly one-third of the crude previously transported through the strait has been redirected using other regional infrastructure. Those buffers are becoming depleted.
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- Investing.com -- A prolonged closure of the Strait of Hormuz could send Brent crude to $150 a barrel, revive inflation and force major central banks to raise interest rates despite slowing economic growth, Capital Economics said in a recent note. Energy markets have absorbed the disruption from the Iran conflict through pipeline diversions and inventory drawdowns.
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- 1 outlet, average source rating 6.0/10.
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What are the implications of a renewed closure of the Strait of Hormuz?
Sources1TypeCoverageInvesting.com · Economy