Bloomberg June 06, 2026 • 12:00

Why Oil’s Not at $200 After the Biggest Supply Shock in History - Bloomberg.com

By Devika Krishna Kumar, Alex Longley, Yongchang Chin, Mia Gindis

Why Oil’s Not at $200 After the Biggest Supply Shock in History - Bloomberg.com

For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.

For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.
Its now been more than three months since the waterway was effecti… [+208 chars]

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