Oil Prices Today | Putin: Strait Of Hormuz Oil Flow Could Halt Soon

Описание: Russian President Vladimir Putin has issued a stark warning about the global oil market, saying crude flows through the Strait of Hormuz could stop completely within the next 30 days amid escalating tensions in the region.

Speaking at a meeting in Moscow, Putin said the key shipping route is “effectively closed”, with oil production linked to the passage already declining and storage facilities in the region filling up as exports become difficult.

The Strait of Hormuz, through which nearly 30% of global oil trade passes, has become a flashpoint as Iran’s IRGC moves to block vessels amid the widening conflict. Analysts warn that if the disruption continues, oil prices could surge dramatically, with some experts predicting prices could spike to $200 per barrel,

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