When oil prices could get even worse
Oil prices have defied predictions of even bigger increases than we've seen — but the markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon, analysts warn.Why it matters: If the stockpiles run too low and oil prices surge, prices at the pump — which
AI Translated Summary:
Analysts warn that oil prices may rise significantly if the Strait of Hormuz remains closed, potentially leading to low stockpiles. This situation could severely impact consumers as prices at the pump increase.
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