Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze
Summary
Crude oil prices are nearing the peaks seen during the Iran conflict as surging tanker costs create a secondary energy squeeze. Financial markets are increasingly factoring in the risk of a major regional war that could severely disrupt worldwide energy supplies.
Wall Street may be starting to price in the scenario everyone fears: a full-scale regional conflict that could further choke off global energy supplies and unleash a fresh wave of turmoil across financial markets.
Source: Read the full story at MarketWatch.com - Top Stories
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