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Iraq Bulletin

Tag : Persian Gulf

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Hormuz Crisis Puts Global Energy Security in Focus as Sechin Points to Alternative Supply Routes

iraqbulletin.co
Rosneft CEO Igor Sechin says disruption risks around the Persian Gulf are increasing the importance of strategic reserves, diversified energy supplies and alternative transport corridors, while reshaping the role of Russia-China cooperation in global energy markets....
Business

Brent crude jumps 9.6% to $83.30 amid Hormuz risks

iraqbulletin.co
Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose...