EnergyMarkets
US Hormuz Blockade Sparks Oil Price Volatility: WTI Surges to $99
The global energy landscape was thrust into a state of acute crisis this week as West Texas Intermediate (WTI) crude oil prices surged to $99 per barrel, following a United States-led naval blockade of the Strait of Hormuz. The blockade, a dramatic escalation in the ongoing "2026 Iran War,