Oil and Gasoline Prices Spike as War Disrupts Shipments

Oil and Gasoline Prices Spike as War Disrupts Shipments

Ellen Wald, President of Transversal Consulting, talks about the impact of the Iran war on oil markets. Benchmark diesel futures rose by 23%, oil surged the most in four years, and European natural gas prices soared. Tanker traffic through the Strait of Hormuz has effectively stopped. (Source: Bloomberg)

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