
Business Today
The World Just Released 400 Million Barrels of Oil. Prices Kept Climbing.
The IEA's largest-ever emergency release can't contain crude at $100 a barrel. The Strait of Hormuz bottleneck explains why.
Morgan Wells·

The IEA's largest-ever emergency release can't contain crude at $100 a barrel. The Strait of Hormuz bottleneck explains why.

Iran's attacks on commercial shipping in the world's most important oil chokepoint mark a dangerous escalation that threatens energy prices, global trade, and the broader economy.