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Oil Prices Surge Amid Hormuz Tensions | Durham News
Oil prices are surging again as tanker attacks in the Strait of Hormuz disrupt global crude flows, forcing Goldman Sachs to reverse its earlier bullish stance. What began as a brief reprieve — fueled by a U.S.-Iran deal easing fears — has turned volatile once more. With a potential 13.4 million barrels a day shortfall, rising oil costs ripple through everyday life, complicating inflation control and delaying central bank rate cuts. The next few weeks will be critical: if tensions ease, prices may stabilize; if they escalate, expect even higher fuel costs and broader economic pressure. Listen…
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