Global oil supply, economic growth face severe hit from planned Strait of Hormuz blockade
Global energy markets are bracing for a severe supply shock that threatens to fuel inflation and deal a significant blow to economic growth, following US President Donald Trump’s decision to enforce a naval blockade on the Strait of Hormuz. The impending blockade shifts market focus sharply towards downside risks, according to a Bloomberg Economics forecast. […] The post Global oil supply, economic growth face severe hit from planned Strait of Hormuz blockade first appeared on Dailyn...
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